If you were to buy a house locally at the current median price of $345,000 and had 10% deposit, then you would need a mortgage for $310,500. This is small than average mortgage compared to state.
With a net change of 17 people, BUNGALOW 4870 has has shrunk when compared to other suburbs in QLD.
Mortgage payments in BUNGALOW , 4870 have increased by $217 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BUNGALOW, 4870 should have seen some difference. While the latest census median annual household figure income is now $39,416, it was $35,443 back in 2006, which is a net increase of $3,972 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $1,368 better off each year even without factoring in mortgage rate cuts.