No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in MORNINGSIDE , 4170 is $761,500 this month which means that a mortgage for 80% of that value would be $609,200.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 9299.00% population change in MORNINGSIDE 4170 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $610 more every month. As a percentage rise, this makes MORNINGSIDE, 4170 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MORNINGSIDE, 4170 should have seen some difference. While the latest census median annual household figure income is now $88,192, it was $58,328 back in 2006, which is a net increase of $29,863 Subtract from that the median mortgage repayment increase of $7,326 and a mortgage broker’s clients could be up to $22,537 better off each year even without factoring in mortgage rate cuts.