CARRARA is one of the more expensive suburbs in QLD. Median home prices are $560,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $504,000 home loan.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, CARRARA, 4211 figure of 881 represents a 11468.00% change.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-317 less than the median monthly home loan repayment in CARRARA, QLD.
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.