If you were to buy a house locally at the current median price of $876,000 and had 10% deposit, then you would need a mortgage for $788,400. This is a very large mortgage compared to state.
BENOWA, 4217 is number 717th in a list of the country’s fastest growing suburbs, and number 168th in State. It has had an average population growth of 141.80 over the period between the last two national censuses.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-534 less than the median monthly home loan repayment in BENOWA, QLD.
Mortgage brokers in BENOWA, 4217 have clients whose median home loan repayment amounts in the latest census each month are $1,387 This means that in a list ranking mortgage payments by amount in QLD their monthly home loan payments would place their suburb at number 471th.