If you were to buy a house locally at the current median price of $725,000 and had 10% deposit, then you would need a mortgage for $652,500. This is a very large mortgage compared to state.
MACGREGOR 4109 has seen steady growth in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MACGREGOR, 4109 rank at number 347th in State or 1043th 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 MACGREGOR, 4109 should have seen some difference. While the latest census median annual household figure income is now $63,908, it was $55,733 back in 2006, which is a net increase of $8,174 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $-225 better off each year even without factoring in mortgage rate cuts.