If you’re looking to buy in BUDERIM then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $610,000 over the last year.
BUDERIM, 4556 is number 35th in a list of the country’s fastest growing suburbs, and number 2nd in State. It has had an average population growth of 373.40 over the period between the last two national censuses.
BUDERIM 4556 homeowners are paying around 38.79% 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 BUDERIM, 4556 should have seen some difference. While the latest census median annual household figure income is now $61,308, it was $54,584 back in 2006, which is a net increase of $6,723 Subtract from that the median mortgage repayment increase of $6,708 and a mortgage broker’s clients could be up to $15 better off each year even without factoring in mortgage rate cuts.