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 BUNDABERG WEST is number 3899th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BUNDABERG WEST, 4670.
BUNDABERG WEST, 4670 is number 2353th in a list of the country’s fastest growing suburbs, and number 542th in State. It has had an average population growth of -26.60 over the period between the last two national censuses.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $333 more than the median monthly home loan repayment in BUNDABERG WEST, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BUNDABERG WEST, 4670 should have seen some difference. While the latest census median annual household figure income is now $33,592, it was $29,416 back in 2006, which is a net increase of $4,175 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $-1,824 better off each year even without factoring in mortgage rate cuts.