Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then INDOOROOPILLY is number 908th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service INDOOROOPILLY, 4068.
Between 2005 and 2011 the population of INDOOROOPILLY, 4068 grew an average of 187.00 people each year. This figure of 2313.80% per annum means INDOOROOPILLY is one of the fastest growing suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-534 less than the median monthly home loan repayment in INDOOROOPILLY, QLD.
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.