If you were to buy a house locally at the current median price of $819,250 and had 10% deposit, then you would need a mortgage for $737,325. This is a very large mortgage compared to state.
Across the whole country MERMAID WATERS,4218 is number 337th fastest growing suburb by population growth, and 66th in State. Its population grew by 142 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $483 more every month. As a percentage rise, this makes MERMAID WATERS, 4218 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $119 which is a theoretical $25,116 available for a MERMAID WATERS mortgage broker to find a home loan.