KINGAROY is one of the least expensive suburbs in QLD. Median home prices are $248,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $223,200 home loan.
Between 2005 and 2011 the population of KINGAROY, 4610 grew an average of 380.00 people each year. This figure of 1884.40% per annum means KINGAROY is one of the fastest growing suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,500 which is $547 more every month. As a percentage rise, this makes KINGAROY, 4610 the number 3916th 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 KINGAROY, 4610 should have seen some difference. While the latest census median annual household figure income is now $49,400, it was $41,626 back in 2006, which is a net increase of $7,774 Subtract from that the median mortgage repayment increase of $6,564 and a mortgage broker’s clients could be up to $1,210 better off each year even without factoring in mortgage rate cuts.