If you were to buy a house locally at the current median price of $552,000 and had 10% deposit, then you would need a mortgage for $496,800. This is quite a large mortgage compared to state.
MOUNTAIN CREEK 4557 has seen a high level of growth in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MOUNTAIN CREEK, 4557 rank at number 9th in State or 30th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MOUNTAIN CREEK, 4557 should have seen some difference. While the latest census median annual household figure income is now $69,940, it was $0 back in 2006, which is a net increase of $69,940 Subtract from that the median mortgage repayment increase of $24,084 and a mortgage broker’s clients could be up to $45,856 better off each year even without factoring in mortgage rate cuts.