NORTHGATE is one of the most expensive suburbs in QLD. Median home prices are $700,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $630,000 home loan.
With a net change of 463 people, NORTHGATE 4013 has grown when compared to other suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in NORTHGATE, 4013 rank at number 321th in State or 954th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTHGATE, 4013 should have seen some difference. While the latest census median annual household figure income is now $73,008, it was $53,476 back in 2006, which is a net increase of $19,531 Subtract from that the median mortgage repayment increase of $8,670 and a mortgage broker’s clients could be up to $10,861 better off each year even without factoring in mortgage rate cuts.