If you’re looking to buy in PARKWOOD then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $617,375 over the last year.
Between 2005 and 2011 the population of PARKWOOD, 4214 grew an average of -6.80 people each year. This figure of 1667.20% per annum means PARKWOOD is one of the fastest growing suburbs in QLD.
With a median housing loan repayment of $1,979 a month, PARKWOOD , 4214 mortgage brokers are seeing mortgage holders paying $528 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PARKWOOD, 4214 should have seen some difference. While the latest census median annual household figure income is now $74,724, it was $62,769 back in 2006, which is a net increase of $11,954 Subtract from that the median mortgage repayment increase of $6,336 and a mortgage broker’s clients could be up to $5,618 better off each year even without factoring in mortgage rate cuts.