SPRINGFIELD LAKES is one of the averagely priced suburbs in QLD. Median home prices are $425,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $382,500 home loan.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 10048.00% population change in SPRINGFIELD LAKES 4300 is well above average.
With a median housing loan repayment of $2,300 a month, SPRINGFIELD LAKES , 4300 mortgage brokers are seeing mortgage holders paying $600 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SPRINGFIELD LAKES, 4300 should have seen some difference. While the latest census median annual household figure income is now $92,040, it was $67,844 back in 2006, which is a net increase of $24,195 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $16,995 better off each year even without factoring in mortgage rate cuts.