If you were to buy a house locally at the current median price of $802,000 and had 10% deposit, then you would need a mortgage for $721,800. This is a very large mortgage compared to state.
Across the whole country WOOLLOONGABBA,4102 is number 1388th fastest growing suburb by population growth, and 327th in State. Its population grew by 870 people over the last five years.
Mortgage payments in WOOLLOONGABBA , 4102 have increased by $600 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WOOLLOONGABBA, 4102 should have seen some difference. While the latest census median annual household figure income is now $69,160, it was $46,862 back in 2006, which is a net increase of $22,297 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $15,097 better off each year even without factoring in mortgage rate cuts.