Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in QUEENSCLIFF, 3225 is already $735,000, which makes it the number 219th in VIC on a list ordered by most expensive. Make sure that you get good QUEENSCLIFF mortgage broker to look for the best deal.
QUEENSCLIFF, 3225 is number 3156th in a list of the country’s fastest growing suburbs, and number 553th in State. It has had an average population growth of 0.00 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $650 more every month. As a percentage rise, this makes QUEENSCLIFF, 3225 the number 2627th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in QUEENSCLIFF, 3225 should have seen some difference. While the latest census median annual household figure income is now $57,148, it was $41,459 back in 2006, which is a net increase of $15,688 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $7,888 better off each year even without factoring in mortgage rate cuts.