MIAMI is one of the most expensive suburbs in QLD. Median home prices are $766,900 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $690,210 home loan.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 6264.00% population change in MIAMI 4220 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $500 more every month. As a percentage rise, this makes MIAMI, 4220 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 $201 which is a theoretical $26,000 available for a MIAMI mortgage broker to find a home loan.