No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BENOWA , 4217 is $876,000 this month which means that a mortgage for 80% of that value would be $700,800.
Between 2005 and 2011 the population of BENOWA, 4217 grew an average of 141.80 people each year. This figure of 1575.60% per annum means BENOWA is one of the fastest growing suburbs in QLD.
Mortgage payments in BENOWA , 4217 have increased by $434 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BENOWA, 4217 should have seen some difference. While the latest census median annual household figure income is now $72,124, it was $59,342 back in 2006, which is a net increase of $12,781 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $7,573 better off each year even without factoring in mortgage rate cuts.