INDOOROOPILLY is one of the most expensive suburbs in QLD. Median home prices are $813,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $732,150 home loan.
INDOOROOPILLY, 4068 is number 347th in a list of the country’s fastest growing suburbs, and number 69th in State. It has had an average population growth of 187.00 over the period between the last two national censuses.
Mortgage payments in INDOOROOPILLY , 4068 have increased by $650 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in INDOOROOPILLY, 4068 should have seen some difference. While the latest census median annual household figure income is now $86,788, it was $66,248 back in 2006, which is a net increase of $20,540 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $12,740 better off each year even without factoring in mortgage rate cuts.