If you were to buy a house locally at the current median price of $932,500 and had 10% deposit, then you would need a mortgage for $839,250. This is a very large mortgage compared to state.
ALEXANDRA HEADLAND 4572 has seen steady growth in it’s population over the last five years.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-367 less than the median monthly home loan repayment in ALEXANDRA HEADLAND, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALEXANDRA HEADLAND, 4572 should have seen some difference. While the latest census median annual household figure income is now $57,720, it was $53,097 back in 2006, which is a net increase of $4,622 Subtract from that the median mortgage repayment increase of $6,948 and a mortgage broker’s clients could be up to $-2,325 better off each year even without factoring in mortgage rate cuts.