GEEBUNG is one of the more expensive suburbs in QLD. Median home prices are $512,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $460,800 home loan.
Across the whole country GEEBUNG,4034 is number 1439th fastest growing suburb by population growth, and 342th in State. Its population grew by 515 people over the last five years.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-312 less than the median monthly home loan repayment in GEEBUNG, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GEEBUNG, 4034 should have seen some difference. While the latest census median annual household figure income is now $69,680, it was $56,830 back in 2006, which is a net increase of $12,849 Subtract from that the median mortgage repayment increase of $7,740 and a mortgage broker’s clients could be up to $5,109 better off each year even without factoring in mortgage rate cuts.