No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in CARRARA , 4211 is $565,000 this month which means that a mortgage for 80% of that value would be $452,000.
Between 2005 and 2011 the population of CARRARA, 4211 grew an average of 176.20 people each year. This figure of 2293.60% per annum means CARRARA is one of the fastest growing suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in CARRARA, 4211 rank at number 867th in State or 2633th 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 CARRARA, 4211 should have seen some difference. While the latest census median annual household figure income is now $62,192, it was $53,934 back in 2006, which is a net increase of $8,257 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $2,257 better off each year even without factoring in mortgage rate cuts.