Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BRINSMEAD, 4870 is already $448,000, which makes it the number 445th in QLD on a list ordered by most expensive. Make sure that you get good BRINSMEAD mortgage broker to look for the best deal.
Between 2005 and 2011 the population of BRINSMEAD, 4870 grew an average of 42.40 people each year. This figure of 1026.80% per annum means BRINSMEAD is one of the fastest growing suburbs in QLD.
BRINSMEAD 4870 homeowners are paying around 36.73% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRINSMEAD, 4870 should have seen some difference. While the latest census median annual household figure income is now $86,528, it was $73,372 back in 2006, which is a net increase of $13,156 Subtract from that the median mortgage repayment increase of $6,006 and a mortgage broker’s clients could be up to $7,150 better off each year even without factoring in mortgage rate cuts.