HOLMVIEW is one of the averagely priced suburbs in QLD. Median home prices are $397,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $357,750 home loan.
With a net change of 650 people, HOLMVIEW 4207 has grown considerably when compared to other suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $541 more every month. As a percentage rise, this makes HOLMVIEW, 4207 the number 2379th 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 HOLMVIEW, 4207 should have seen some difference. While the latest census median annual household figure income is now $66,196, it was $55,910 back in 2006, which is a net increase of $10,285 Subtract from that the median mortgage repayment increase of $6,498 and a mortgage broker’s clients could be up to $3,787 better off each year even without factoring in mortgage rate cuts.