If you were to buy a house locally at the current median price of $545,000 and had 10% deposit, then you would need a mortgage for $490,500. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 14947.00 This means that BANORA POINT, 2486’s growth of 365 people is well above the mean for the country as a whole.
With a median housing loan repayment of $1,894 a month, BANORA POINT , 2486 mortgage brokers are seeing mortgage holders paying $553 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BANORA POINT, 2486 should have seen some difference. While the latest census median annual household figure income is now $46,904, it was $39,800 back in 2006, which is a net increase of $7,103 Subtract from that the median mortgage repayment increase of $6,642 and a mortgage broker’s clients could be up to $461 better off each year even without factoring in mortgage rate cuts.