Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then RACEVIEW is number 3544th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service RACEVIEW, 4305.
Between 2005 and 2011 the population of RACEVIEW, 4305 grew an average of 357.80 people each year. This figure of 1717.20% per annum means RACEVIEW is one of the fastest growing 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.