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 NORMAN PARK , 4170 is $867,500 this month which means that a mortgage for 80% of that value would be $694,000.
Australia’s total population growth over the last five years has been 5902.00 This means that NORMAN PARK, 4170’s growth of 55 people is well above the mean for the country as a whole.
With a median housing loan repayment of $2,383 a month, NORMAN PARK , 4170 mortgage brokers are seeing mortgage holders paying $583 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORMAN PARK, 4170 should have seen some difference. While the latest census median annual household figure income is now $109,720, it was $79,040 back in 2006, which is a net increase of $30,680 Subtract from that the median mortgage repayment increase of $6,996 and a mortgage broker’s clients could be up to $23,684 better off each year even without factoring in mortgage rate cuts.