If you were to buy a house locally at the current median price of $1,000,000 and had 10% deposit, then you would need a mortgage for $900,000. This is a very large mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, PADDINGTON, 4064 figure of 361 represents a 7886.00% change.
Mortgage brokers in PADDINGTON, 4064 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,800 to $2,557.
The local median household income has increased by $578 which is a theoretical $39,364 available for a PADDINGTON mortgage broker to find a home loan.