If you were to buy a house locally at the current median price of $580,000 and had 10% deposit, then you would need a mortgage for $522,000. This is quite a large mortgage compared to state.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 3843.00% population change in DREWVALE 4116 is above average.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-750 less than the median monthly home loan repayment in DREWVALE, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DREWVALE, 4116 should have seen some difference. While the latest census median annual household figure income is now $94,484, it was $75,062 back in 2006, which is a net increase of $19,422 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $11,622 better off each year even without factoring in mortgage rate cuts.