If you were to buy a house locally at the current median price of $711,500 and had 10% deposit, then you would need a mortgage for $640,350. This is a very large mortgage compared to state.
With a net change of -300 people, WESTLAKE 4074 has has shrunk quite a lot when compared to other suburbs in QLD.
With a median housing loan repayment of $2,150 a month, WESTLAKE , 4074 mortgage brokers are seeing mortgage holders paying $639 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 WESTLAKE, 4074 should have seen some difference. While the latest census median annual household figure income is now $117,624, it was $95,524 back in 2006, which is a net increase of $22,100 Subtract from that the median mortgage repayment increase of $7,674 and a mortgage broker’s clients could be up to $14,426 better off each year even without factoring in mortgage rate cuts.