No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in MAROOCHYDORE , 4558 is $582,000 this month which means that a mortgage for 80% of that value would be $465,600.
MAROOCHYDORE, 4558 is number 212th in a list of the country’s fastest growing suburbs, and number 36th in State. It has had an average population growth of 147.40 over the period between the last two national censuses.
MAROOCHYDORE 4558 homeowners are paying around 44.42% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MAROOCHYDORE, 4558 should have seen some difference. While the latest census median annual household figure income is now $43,628, it was $35,552 back in 2006, which is a net increase of $8,075 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $1,679 better off each year even without factoring in mortgage rate cuts.