SHERWOOD is one of the most expensive suburbs in QLD. Median home prices are $905,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $814,500 home loan.
Across the whole country SHERWOOD,4075 is number 1331th fastest growing suburb by population growth, and 313th in State. Its population grew by 235 people over the last five years.
With a median housing loan repayment of $2,210 a month, SHERWOOD , 4075 mortgage brokers are seeing mortgage holders paying $520 more than 2006.
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.