Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in WELLINGTON POINT, 4160 is already $585,000, which makes it the number 212th in QLD on a list ordered by most expensive. Make sure that you get good WELLINGTON POINT mortgage broker to look for the best deal.
WELLINGTON POINT, 4160 is number 338th in a list of the country’s fastest growing suburbs, and number 67th in State. It has had an average population growth of 215.00 over the period between the last two national censuses.
WELLINGTON POINT, 4160 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,500 to $2,048.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WELLINGTON POINT, 4160 should have seen some difference. While the latest census median annual household figure income is now $90,116, it was $70,844 back in 2006, which is a net increase of $19,271 Subtract from that the median mortgage repayment increase of $6,576 and a mortgage broker’s clients could be up to $12,695 better off each year even without factoring in mortgage rate cuts.