If you were to buy a house locally at the current median price of $325,000 and had 10% deposit, then you would need a mortgage for $292,500. This is small than average mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with above the state figure, ELI WATERS, 4655 figure of 1241 represents a 3052.00% change.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $116 more than the median monthly home loan repayment in ELI WATERS, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ELI WATERS, 4655 should have seen some difference. While the latest census median annual household figure income is now $42,068, it was $39,686 back in 2006, which is a net increase of $2,381 Subtract from that the median mortgage repayment increase of $3,744 and a mortgage broker’s clients could be up to $-1,362 better off each year even without factoring in mortgage rate cuts.