If you were to buy a house locally at the current median price of $1,020,000 and had 10% deposit, then you would need a mortgage for $918,000. This is quite a large mortgage compared to state.
MACMASTERS BEACH, 2251 is number 3356th in a list of the country’s fastest growing suburbs, and number 1042th in State. It has had an average population growth of 41.40 over the period between the last two national censuses.
Mortgage payments in MACMASTERS BEACH , 2251 have increased by $-13 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MACMASTERS BEACH, 2251 should have seen some difference. While the latest census median annual household figure income is now $71,604, it was $61,526 back in 2006, which is a net increase of $10,077 Subtract from that the median mortgage repayment increase of $-162 and a mortgage broker’s clients could be up to $10,239 better off each year even without factoring in mortgage rate cuts.