If you were to buy a house locally at the current median price of $502,000 and had 10% deposit, then you would need a mortgage for $451,800. This is quite a large mortgage compared to state.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 8911.00% population change in BRIGHTON 4017 is well above average.
Mortgage brokers in BRIGHTON, 4017 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,200 to $1,972.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRIGHTON, 4017 should have seen some difference. While the latest census median annual household figure income is now $68,068, it was $49,743 back in 2006, which is a net increase of $18,324 Subtract from that the median mortgage repayment increase of $9,264 and a mortgage broker’s clients could be up to $9,060 better off each year even without factoring in mortgage rate cuts.