If you were to buy a house locally at the current median price of $587,500 and had 10% deposit, then you would need a mortgage for $528,750. This is quite a large mortgage compared to state.
Australia’s total population growth over the last five years has been 15760.00 This means that ALBANY CREEK, 4035’s growth of -83 people is well above the mean for the country as a whole.
Mortgage brokers in ALBANY CREEK, 4035 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,387 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALBANY CREEK, 4035 should have seen some difference. While the latest census median annual household figure income is now $93,964, it was $75,452 back in 2006, which is a net increase of $18,512 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $11,756 better off each year even without factoring in mortgage rate cuts.