If you were to buy a house locally at the current median price of $641,000 and had 10% deposit, then you would need a mortgage for $576,900. This is quite a large mortgage compared to state.
With a net change of 258 people, PARKINSON 4115 has grown when compared to other suburbs in QLD.
Mortgage payments in PARKINSON , 4115 have increased by $549 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PARKINSON, 4115 should have seen some difference. While the latest census median annual household figure income is now $100,516, it was $80,698 back in 2006, which is a net increase of $19,817 Subtract from that the median mortgage repayment increase of $6,588 and a mortgage broker’s clients could be up to $13,229 better off each year even without factoring in mortgage rate cuts.