Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CLEVELAND, 4163 is already $575,000, which makes it the number 260th in QLD on a list ordered by most expensive. Make sure that you get good CLEVELAND mortgage broker to look for the best deal.
Between 2005 and 2011 the population of CLEVELAND, 4163 grew an average of 165.80 people each year. This figure of 2862.60% per annum means CLEVELAND is one of the fastest growing suburbs in QLD.
Mortgage payments in CLEVELAND , 4163 have increased by $483 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 CLEVELAND, 4163 should have seen some difference. While the latest census median annual household figure income is now $59,228, it was $52,405 back in 2006, which is a net increase of $6,822 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $1,026 better off each year even without factoring in mortgage rate cuts.