If you were to buy a house locally at the current median price of $161,500 and had 10% deposit, then you would need a mortgage for $145,350. This is relatively small mortgage compared to state.
MORANBAH 4744 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $2,340 a month, MORANBAH , 4744 mortgage brokers are seeing mortgage holders paying $1,040 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 MORANBAH, 4744 should have seen some difference. While the latest census median annual household figure income is now $144,456, it was $126,667 back in 2006, which is a net increase of $17,789 Subtract from that the median mortgage repayment increase of $12,480 and a mortgage broker’s clients could be up to $5,309 better off each year even without factoring in mortgage rate cuts.