HILLCREST is one of the less expensive suburbs in QLD. Median home prices are $379,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $341,100 home loan.
Across the whole country HILLCREST,4118 is number 1260th fastest growing suburb by population growth, and 299th in State. Its population grew by 620 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $606 more every month. As a percentage rise, this makes HILLCREST, 4118 the number 2627th 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 HILLCREST, 4118 should have seen some difference. While the latest census median annual household figure income is now $67,652, it was $54,225 back in 2006, which is a net increase of $13,426 Subtract from that the median mortgage repayment increase of $7,272 and a mortgage broker’s clients could be up to $6,154 better off each year even without factoring in mortgage rate cuts.