If you were to buy a house locally at the current median price of $590,000 and had 10% deposit, then you would need a mortgage for $531,000. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of ASPLEY, 4034 grew an average of 150.80 people each year. This figure of 2498.80% per annum means ASPLEY is one of the fastest growing suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ASPLEY, 4034 rank at number 290th in State or 849th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ASPLEY, 4034 should have seen some difference. While the latest census median annual household figure income is now $71,292, it was $57,876 back in 2006, which is a net increase of $13,416 Subtract from that the median mortgage repayment increase of $9,000 and a mortgage broker’s clients could be up to $4,416 better off each year even without factoring in mortgage rate cuts.