MERMAID BEACH is one of the most expensive suburbs in QLD. Median home prices are $1,480,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,332,000 home loan.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 5622.00% population change in MERMAID BEACH 4218 is well above average.
Mortgage payments in MERMAID BEACH , 4218 have increased by $409 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 MERMAID BEACH, 4218 should have seen some difference. While the latest census median annual household figure income is now $62,920, it was $54,215 back in 2006, which is a net increase of $8,704 Subtract from that the median mortgage repayment increase of $4,908 and a mortgage broker’s clients could be up to $3,796 better off each year even without factoring in mortgage rate cuts.