If you were to buy a house locally at the current median price of $1,410,000 and had 10% deposit, then you would need a mortgage for $1,269,000. This is a very large mortgage compared to state.
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.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MERMAID BEACH, 4218 rank at number 1096th in State or 3801th nationally when listed in order of median monthly mortgage payment.
Mortgage brokers in MERMAID BEACH, 4218 have clients whose median home loan repayment amounts in the latest census each month are $1,210 This means that in a list ranking mortgage payments by amount in QLD their monthly home loan payments would place their suburb at number 666th.