Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SHELDON, 4157 is already $830,000, which makes it the number 83th in QLD on a list ordered by most expensive. Make sure that you get good SHELDON mortgage broker to look for the best deal.
With a net change of -45 people, SHELDON 4157 has has shrunk when compared to other suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,400 which is $891 more every month. As a percentage rise, this makes SHELDON, 4157 the number 504th 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 SHELDON, 4157 should have seen some difference. While the latest census median annual household figure income is now $98,332, it was $76,798 back in 2006, which is a net increase of $21,533 Subtract from that the median mortgage repayment increase of $10,698 and a mortgage broker’s clients could be up to $10,835 better off each year even without factoring in mortgage rate cuts.