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 BULIMBA is number 505th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BULIMBA, 4171.
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.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BULIMBA, 4171 rank at number 425th in State or 1261th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BULIMBA, 4171 should have seen some difference. While the latest census median annual household figure income is now $125,320, it was $82,893 back in 2006, which is a net increase of $42,426 Subtract from that the median mortgage repayment increase of $7,992 and a mortgage broker’s clients could be up to $34,434 better off each year even without factoring in mortgage rate cuts.