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 MOUNT GRAVATT EAST , 4122 is $630,000 this month which means that a mortgage for 80% of that value would be $504,000.
Australia’s total population growth over the last five years has been 10791.00 This means that MOUNT GRAVATT EAST, 4122’s growth of 646 people is well above the mean for the country as a whole.
MOUNT GRAVATT EAST, 4122 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,408 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MOUNT GRAVATT EAST, 4122 should have seen some difference. While the latest census median annual household figure income is now $76,804, it was $56,602 back in 2006, which is a net increase of $20,202 Subtract from that the median mortgage repayment increase of $9,108 and a mortgage broker’s clients could be up to $11,094 better off each year even without factoring in mortgage rate cuts.