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 SHERWOOD is number 723th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SHERWOOD, 4075.
Australia’s total population growth over the last five years has been 4897.00 This means that SHERWOOD, 4075’s growth of 235 people is well above the mean for the country as a whole.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-577 less than the median monthly home loan repayment in SHERWOOD, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SHERWOOD, 4075 should have seen some difference. While the latest census median annual household figure income is now $89,440, it was $68,120 back in 2006, which is a net increase of $21,320 Subtract from that the median mortgage repayment increase of $6,240 and a mortgage broker’s clients could be up to $15,080 better off each year even without factoring in mortgage rate cuts.