Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NEW FARM, 4005 is already $1,538,000, which makes it the number 5th in QLD on a list ordered by most expensive. Make sure that you get good NEW FARM mortgage broker to look for the best deal.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 11230.00% population change in NEW FARM 4005 is well above average.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-567 less than the median monthly home loan repayment in NEW FARM, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NEW FARM, 4005 should have seen some difference. While the latest census median annual household figure income is now $84,240, it was $59,254 back in 2006, which is a net increase of $24,986 Subtract from that the median mortgage repayment increase of $6,636 and a mortgage broker’s clients could be up to $18,350 better off each year even without factoring in mortgage rate cuts.