MUDGEERABA is one of the more expensive suburbs in QLD. Median home prices are $580,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $522,000 home loan.
Between 2005 and 2011 the population of MUDGEERABA, 4213 grew an average of 2396.00 people each year. This figure of 2620.60% per annum means MUDGEERABA is one of the fastest growing suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-423 less than the median monthly home loan repayment in MUDGEERABA, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MUDGEERABA, 4213 should have seen some difference. While the latest census median annual household figure income is now $67,288, it was $57,075 back in 2006, which is a net increase of $10,212 Subtract from that the median mortgage repayment increase of $5,472 and a mortgage broker’s clients could be up to $4,740 better off each year even without factoring in mortgage rate cuts.