Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BOWEN, 4805 is already $255,000, which makes it the number 801th in QLD on a list ordered by most expensive. Make sure that you get good BOWEN mortgage broker to look for the best deal.
Across the whole country BOWEN,4805 is number 451th fastest growing suburb by population growth, and 92th in State. Its population grew by 563 people over the last five years.
With a median housing loan repayment of $1,733 a month, BOWEN , 4805 mortgage brokers are seeing mortgage holders paying $715 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 BOWEN, 4805 should have seen some difference. While the latest census median annual household figure income is now $57,200, it was $43,898 back in 2006, which is a net increase of $13,301 Subtract from that the median mortgage repayment increase of $8,580 and a mortgage broker’s clients could be up to $4,721 better off each year even without factoring in mortgage rate cuts.