If you were to buy a house locally at the current median price of $539,000 and had 10% deposit, then you would need a mortgage for $485,100. This is quite a large mortgage compared to state.
Australia’s total population growth over the last five years has been 5382.00 This means that BANKSIA BEACH, 4507’s growth of 710 people is well 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 $1,812 which is $312 more every month. As a percentage rise, this makes BANKSIA BEACH, 4507 the number 2368th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, BANKSIA BEACH QLD would be 752th with 42.89.