Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MOUNT GRAVATT, 4122 is already $652,000, which makes it the number 185th in QLD on a list ordered by most expensive. Make sure that you get good MOUNT GRAVATT mortgage broker to look for the best deal.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with above the state figure, MOUNT GRAVATT, 4122 figure of 147 represents a 3137.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $650 more every month. As a percentage rise, this makes MOUNT GRAVATT, 4122 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 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.