BRINSMEAD is one of the averagely priced suburbs in QLD. Median home prices are $450,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $405,000 home loan.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, BRINSMEAD, 4870 figure of 212 represents a 5134.00% change.
With a median housing loan repayment of $1,863 a month, BRINSMEAD , 4870 mortgage brokers are seeing mortgage holders paying $500 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 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.