If you’re looking to buy in ORMEAU then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $470,000 over the last year.
With a net change of 6293 people, ORMEAU 4208 has grown considerably 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 ORMEAU, 4208 rank at number 220th in State or 630th 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 ORMEAU, 4208 should have seen some difference. While the latest census median annual household figure income is now $82,628, it was $53,970 back in 2006, which is a net increase of $28,657 Subtract from that the median mortgage repayment increase of $3,666 and a mortgage broker’s clients could be up to $24,991 better off each year even without factoring in mortgage rate cuts.