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 MOUNT GRAVATT is number 1507th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MOUNT GRAVATT, 4122.
MOUNT GRAVATT, 4122 is number 1958th in a list of the country’s fastest growing suburbs, and number 467th in State. It has had an average population growth of 29.40 over the period between the last two national censuses.
Mortgage brokers in MOUNT GRAVATT, 4122 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,517 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, 4122 should have seen some difference. While the latest census median annual household figure income is now $63,336, it was $50,887 back in 2006, which is a net increase of $12,448 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $4,648 better off each year even without factoring in mortgage rate cuts.