If you were to buy a house locally at the current median price of $270,000 and had 10% deposit, then you would need a mortgage for $243,000. This is relatively small mortgage compared to state.
With a net change of -219 people, EAST IPSWICH 4305 has has shrunk quite a lot when compared to other suburbs in QLD.
Mortgage brokers in EAST IPSWICH, 4305 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,034 to $1,517.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in EAST IPSWICH, 4305 should have seen some difference. While the latest census median annual household figure income is now $55,068, it was $44,215 back in 2006, which is a net increase of $10,852 Subtract from that the median mortgage repayment increase of $5,790 and a mortgage broker’s clients could be up to $5,062 better off each year even without factoring in mortgage rate cuts.