If you were to buy a house locally at the current median price of $580,000 and had 10% deposit, then you would need a mortgage for $522,000. This is quite a large mortgage compared to state.
With a net change of 528 people, STAFFORD 4053 has grown when compared to other suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in STAFFORD, 4053 rank at number 261th in State or 767th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in STAFFORD, 4053 should have seen some difference. While the latest census median annual household figure income is now $62,816, it was $49,613 back in 2006, which is a net increase of $13,202 Subtract from that the median mortgage repayment increase of $9,222 and a mortgage broker’s clients could be up to $3,980 better off each year even without factoring in mortgage rate cuts.