If you were to buy a house locally at the current median price of $360,000 and had 10% deposit, then you would need a mortgage for $324,000. This is small than average mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with above the state figure, IPSWICH, 4305 figure of 209 represents a 2436.00% change.
IPSWICH 4305 homeowners are paying around 40.07% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in IPSWICH, 4305 should have seen some difference. While the latest census median annual household figure income is now $43,524, it was $38,584 back in 2006, which is a net increase of $4,940 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $-268 better off each year even without factoring in mortgage rate cuts.