If you were to buy a house locally at the current median price of $580,000 and had 10% deposit, then you would need a mortgage for $522,000. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 334.00 This means that BOOMERANG BEACH, 2428’s growth of 150 people is some way below the mean for the country as a whole.
Mortgage brokers in BOOMERANG BEACH, 2428 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,185 to $1,517.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BOOMERANG BEACH, 2428 should have seen some difference. While the latest census median annual household figure income is now $46,488, it was $44,704 back in 2006, which is a net increase of $1,783 Subtract from that the median mortgage repayment increase of $3,984 and a mortgage broker’s clients could be up to $-2,200 better off each year even without factoring in mortgage rate cuts.