If you’re looking to buy in SEVEN HILLS then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $760,000 over the last year.
Between 2005 and 2011 the population of SEVEN HILLS, 4170 grew an average of 117.80 people each year. This figure of 385.60% per annum means SEVEN HILLS is one of the more rapidly growing suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,769 which is $1,269 more every month. As a percentage rise, this makes SEVEN HILLS, 4170 the number 207th 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 SEVEN HILLS, 4170 should have seen some difference. While the latest census median annual household figure income is now $96,980, it was $62,956 back in 2006, which is a net increase of $34,023 Subtract from that the median mortgage repayment increase of $15,228 and a mortgage broker’s clients could be up to $18,795 better off each year even without factoring in mortgage rate cuts.