If you were to buy a house locally at the current median price of $601,000 and had 10% deposit, then you would need a mortgage for $540,900. This is an average sized mortgage compared to state.
MILLER, 2168 is number 2042th in a list of the country’s fastest growing suburbs, and number 642th in State. It has had an average population growth of 17.80 over the period between the last two national censuses.
With a median housing loan repayment of $1,517 a month, MILLER , 2168 mortgage brokers are seeing mortgage holders paying $217 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MILLER, 2168 should have seen some difference. While the latest census median annual household figure income is now $30,836, it was $25,875 back in 2006, which is a net increase of $4,960 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $2,356 better off each year even without factoring in mortgage rate cuts.