Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then BROADBEACH WATERS is number 502th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BROADBEACH WATERS, 4218.
Between 2005 and 2011 the population of BROADBEACH WATERS, 4218 grew an average of 31.00 people each year. This figure of 1486.80% per annum means BROADBEACH WATERS is one of the fastest growing suburbs in QLD.
BROADBEACH WATERS 4218 homeowners are paying around 35.29% 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 BROADBEACH WATERS, 4218 should have seen some difference. While the latest census median annual household figure income is now $65,364, it was $56,648 back in 2006, which is a net increase of $8,715 Subtract from that the median mortgage repayment increase of $7,488 and a mortgage broker’s clients could be up to $1,227 better off each year even without factoring in mortgage rate cuts.