If you were to buy a house locally at the current median price of $446,500 and had 10% deposit, then you would need a mortgage for $401,850. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 3988.00 This means that WOODY POINT, 4019’s growth of 299 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $1,755 a month, WOODY POINT , 4019 mortgage brokers are seeing mortgage holders paying $563 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 WOODY POINT, 4019 should have seen some difference. While the latest census median annual household figure income is now $46,228, it was $34,845 back in 2006, which is a net increase of $11,382 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $4,626 better off each year even without factoring in mortgage rate cuts.