If you’re looking to buy in NERANG then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $450,000 over the last year.
Across the whole country NERANG,4211 is number 161th fastest growing suburb by population growth, and 20th in State. Its population grew by 16256 people over the last five years.
NERANG 4211 homeowners are paying around 42.31% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NERANG, 4211 should have seen some difference. While the latest census median annual household figure income is now $52,364, it was $0 back in 2006, which is a net increase of $52,364 Subtract from that the median mortgage repayment increase of $22,200 and a mortgage broker’s clients could be up to $30,164 better off each year even without factoring in mortgage rate cuts.