If you’re looking to buy in UPPER MOUNT GRAVATT then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $615,000 over the last year.
Between 2005 and 2011 the population of UPPER MOUNT GRAVATT, 4122 grew an average of 187.00 people each year. This figure of 1750.40% per annum means UPPER MOUNT GRAVATT is one of the fastest growing suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-367 less than the median monthly home loan repayment in UPPER MOUNT GRAVATT, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in UPPER MOUNT GRAVATT, 4122 should have seen some difference. While the latest census median annual household figure income is now $60,060, it was $52,717 back in 2006, which is a net increase of $7,342 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $142 better off each year even without factoring in mortgage rate cuts.