Across the whole country NEWSTEAD,4006 is number 3857th fastest growing suburb by population growth, and 886th in State. Its population grew by -3985 people over the last five years.
NEWSTEAD 4006 homeowners are paying around 51.44% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than 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 NEWSTEAD, 4006 should have seen some difference. While the latest census median annual household figure income is now $128,960, it was $94,702 back in 2006, which is a net increase of $34,257 Subtract from that the median mortgage repayment increase of $11,274 and a mortgage broker’s clients could be up to $22,983 better off each year even without factoring in mortgage rate cuts.