If you were to buy a house locally at the current median price of $412,500 and had 10% deposit, then you would need a mortgage for $371,250. This is an average sized mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, BURPENGARY, 4505 figure of 10517 represents a 12863.00% change.
BURPENGARY, 4505 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,400 to $1,771.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BURPENGARY, 4505 should have seen some difference. While the latest census median annual household figure income is now $68,276, it was $65,904 back in 2006, which is a net increase of $2,371 Subtract from that the median mortgage repayment increase of $4,452 and a mortgage broker’s clients could be up to $-2,080 better off each year even without factoring in mortgage rate cuts.