Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in JIMBOOMBA, 4280 is already $475,000, which makes it the number 400th in QLD on a list ordered by most expensive. Make sure that you get good JIMBOOMBA mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 11288.00 This means that JIMBOOMBA, 4280’s growth of 1821 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,058 which is $650 more every month. As a percentage rise, this makes JIMBOOMBA, 4280 the number 1360th 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 JIMBOOMBA, 4280 should have seen some difference. While the latest census median annual household figure income is now $80,964, it was $61,682 back in 2006, which is a net increase of $19,281 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $11,481 better off each year even without factoring in mortgage rate cuts.