Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in COOLANGATTA, 4225 is already $745,000, which makes it the number 114th in QLD on a list ordered by most expensive. Make sure that you get good COOLANGATTA mortgage broker to look for the best deal.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 5092.00% population change in COOLANGATTA 4225 is well above average.
COOLANGATTA 4225 homeowners are paying around 26.85% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COOLANGATTA, 4225 should have seen some difference. While the latest census median annual household figure income is now $41,444, it was $36,176 back in 2006, which is a net increase of $5,267 Subtract from that the median mortgage repayment increase of $4,524 and a mortgage broker’s clients could be up to $743 better off each year even without factoring in mortgage rate cuts.