If you were to buy a house locally at the current median price of $317,750 and had 10% deposit, then you would need a mortgage for $285,975. This is small than average mortgage compared to state.
With a net change of 1789 people, RACEVIEW 4305 has grown considerably when compared to other suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $51 more than the median monthly home loan repayment in RACEVIEW, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RACEVIEW, 4305 should have seen some difference. While the latest census median annual household figure income is now $57,200, it was $45,676 back in 2006, which is a net increase of $11,523 Subtract from that the median mortgage repayment increase of $5,988 and a mortgage broker’s clients could be up to $5,535 better off each year even without factoring in mortgage rate cuts.