If you were to buy a house locally at the current median price of $1,496,000 and had 10% deposit, then you would need a mortgage for $1,346,400. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 3066.00 This means that YOWIE BAY, 2228’s growth of -570 people is considerably 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 $2,539 which is $459 more every month. As a percentage rise, this makes YOWIE BAY, 2228 the number 351th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $392 which is a theoretical $23,868 available for a YOWIE BAY mortgage broker to find a home loan.