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 ORMEAU HILLS , 4208 is $499,950 this month which means that a mortgage for 80% of that value would be $399,960.
With a net change of 417 people, ORMEAU HILLS 4208 has grown when compared to other suburbs in QLD.
Mortgage brokers in ORMEAU HILLS, 4208 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,863 to $2,487.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ORMEAU HILLS, 4208 should have seen some difference. While the latest census median annual household figure income is now $102,024, it was $78,182 back in 2006, which is a net increase of $23,842 Subtract from that the median mortgage repayment increase of $7,488 and a mortgage broker’s clients could be up to $16,354 better off each year even without factoring in mortgage rate cuts.