If you were to buy a house locally at the current median price of $315,000 and had 10% deposit, then you would need a mortgage for $283,500. This is small than average mortgage compared to state.
Between 2005 and 2011 the population of KIRWAN, 4817 grew an average of 4354.20 people each year. This figure of 0.00% per annum means KIRWAN is one of the fastest growing suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in KIRWAN, 4817 rank at number 20th in State or 47th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KIRWAN, 4817 should have seen some difference. While the latest census median annual household figure income is now $79,976, it was $0 back in 2006, which is a net increase of $79,976 Subtract from that the median mortgage repayment increase of $21,960 and a mortgage broker’s clients could be up to $58,016 better off each year even without factoring in mortgage rate cuts.