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 MURRUMBA DOWNS , 4503 is $480,000 this month which means that a mortgage for 80% of that value would be $384,000.
Australia’s total population growth over the last five years has been 9292.00 This means that MURRUMBA DOWNS, 4503’s growth of 2296 people is well above the mean for the country as a whole.
MURRUMBA DOWNS, 4503 has seen a large 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 $1,365 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MURRUMBA DOWNS, 4503 should have seen some difference. While the latest census median annual household figure income is now $82,940, it was $68,385 back in 2006, which is a net increase of $14,554 Subtract from that the median mortgage repayment increase of $7,620 and a mortgage broker’s clients could be up to $6,934 better off each year even without factoring in mortgage rate cuts.