Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then MITCHELTON is number 1547th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MITCHELTON, 4053.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 7911.00% population change in MITCHELTON 4053 is well above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MITCHELTON, 4053 rank at number 296th in State or 864th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MITCHELTON, 4053 should have seen some difference. While the latest census median annual household figure income is now $82,056, it was $59,909 back in 2006, which is a net increase of $22,146 Subtract from that the median mortgage repayment increase of $8,988 and a mortgage broker’s clients could be up to $13,158 better off each year even without factoring in mortgage rate cuts.