DECEPTION BAY is one of the less expensive suburbs in QLD. Median home prices are $343,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $308,700 home loan.
Across the whole country DECEPTION BAY,4508 is number 109th fastest growing suburb by population growth, and 10th in State. Its population grew by 1763 people over the last five years.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-100 less than the median monthly home loan repayment in DECEPTION BAY, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DECEPTION BAY, 4508 should have seen some difference. While the latest census median annual household figure income is now $49,920, it was $41,969 back in 2006, which is a net increase of $7,950 Subtract from that the median mortgage repayment increase of $6,492 and a mortgage broker’s clients could be up to $1,458 better off each year even without factoring in mortgage rate cuts.