WISHART is one of the most expensive suburbs in QLD. Median home prices are $697,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $627,750 home loan.
Australia’s total population growth over the last five years has been 10360.00 This means that WISHART, 4122’s growth of 190 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $650 more every month. As a percentage rise, this makes WISHART, 4122 the number 1843th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WISHART, 4122 should have seen some difference. While the latest census median annual household figure income is now $82,628, it was $65,925 back in 2006, which is a net increase of $16,702 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $8,902 better off each year even without factoring in mortgage rate cuts.