If you were to buy a house locally at the current median price of $620,000 and had 10% deposit, then you would need a mortgage for $558,000. This is quite a large mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with pretty equal to the state figure, BUCCAN, 4207 figure of -19 represents a 1474.00% change.
With a median housing loan repayment of $1,928 a month, BUCCAN , 4207 mortgage brokers are seeing mortgage holders paying $628 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 BUCCAN, 4207 should have seen some difference. While the latest census median annual household figure income is now $84,968, it was $68,775 back in 2006, which is a net increase of $16,192 Subtract from that the median mortgage repayment increase of $7,536 and a mortgage broker’s clients could be up to $8,656 better off each year even without factoring in mortgage rate cuts.