If you’re looking to buy in SCARBOROUGH then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $545,000 over the last year.
Between 2005 and 2011 the population of SCARBOROUGH, 4020 grew an average of -370.60 people each year. This figure of 1577.00% per annum means SCARBOROUGH is one of the fastest growing suburbs in QLD.
SCARBOROUGH, 4020 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,335 to $1,840.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SCARBOROUGH, 4020 should have seen some difference. While the latest census median annual household figure income is now $50,232, it was $48,204 back in 2006, which is a net increase of $2,028 Subtract from that the median mortgage repayment increase of $6,054 and a mortgage broker’s clients could be up to $-4,026 better off each year even without factoring in mortgage rate cuts.