HOPE ISLAND is one of the more expensive suburbs in QLD. Median home prices are $625,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $562,500 home loan.
Australia’s total population growth over the last five years has been 8381.00 This means that HOPE ISLAND, 4212’s growth of 3085 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HOPE ISLAND, 4212 rank at number 440th in State or 1300th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HOPE ISLAND, 4212 should have seen some difference. While the latest census median annual household figure income is now $80,236, it was $69,903 back in 2006, which is a net increase of $10,332 Subtract from that the median mortgage repayment increase of $7,860 and a mortgage broker’s clients could be up to $2,472 better off each year even without factoring in mortgage rate cuts.