If you were to buy a house locally at the current median price of $446,000 and had 10% deposit, then you would need a mortgage for $401,400. This is an average sized mortgage compared to state.
With a net change of 191 people, NERANG 4211 has not grown much when compared to other suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,850 which is $1,850 more every month. As a percentage rise, this makes NERANG, 4211 the number 6469th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in NERANG, 4211 have increased by $1,007. In the same period median mortgage loan repayments have increased by $1,850.