If you were to buy a house locally at the current median price of $726,000 and had 10% deposit, then you would need a mortgage for $653,400. This is a very large mortgage compared to state.
TARRAGINDI 4121 has seen a high level of growth in it’s population over the last five years.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-534 less than the median monthly home loan repayment in TARRAGINDI, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TARRAGINDI, 4121 should have seen some difference. While the latest census median annual household figure income is now $93,132, it was $67,168 back in 2006, which is a net increase of $25,963 Subtract from that the median mortgage repayment increase of $8,004 and a mortgage broker’s clients could be up to $17,959 better off each year even without factoring in mortgage rate cuts.