WINDSOR is one of the most expensive suburbs in QLD. Median home prices are $750,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $675,000 home loan.
WINDSOR 4030 has seen steady growth in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in WINDSOR, 4030 rank at number 448th in State or 1319th 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 WINDSOR, 4030 should have seen some difference. While the latest census median annual household figure income is now $85,488, it was $59,618 back in 2006, which is a net increase of $25,870 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $18,070 better off each year even without factoring in mortgage rate cuts.