If you were to buy a house locally at the current median price of $1,260,000 and had 10% deposit, then you would need a mortgage for $1,134,000. This is a very large mortgage compared to state.
Across the whole country BULIMBA,4171 is number 1068th fastest growing suburb by population growth, and 245th in State. Its population grew by 834 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,600 which is $666 more every month. As a percentage rise, this makes BULIMBA, 4171 the number 243th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $815 which is a theoretical $34,632 available for a BULIMBA mortgage broker to find a home loan.