House prices in EDGE HILL have seen little growth over the last year, which means it's more important than ever to get a good QLD mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of EDGE HILL, 4870 grew an average of 4.60 people each year. This figure of 754.60% per annum means EDGE HILL is one of the more rapidly growing suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,712 which is $412 more every month. As a percentage rise, this makes EDGE HILL, 4870 the number 3018th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in EDGE HILL, 4870 should have seen some difference. While the latest census median annual household figure income is now $60,580, it was $55,166 back in 2006, which is a net increase of $5,413 Subtract from that the median mortgage repayment increase of $4,944 and a mortgage broker’s clients could be up to $469 better off each year even without factoring in mortgage rate cuts.