No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in SOUTHPORT , 4215 is $567,000 this month which means that a mortgage for 80% of that value would be $453,600.
Between 2005 and 2011 the population of SOUTHPORT, 4215 grew an average of 843.20 people each year. This figure of 5642.80% per annum means SOUTHPORT is one of the fastest growing suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SOUTHPORT, 4215 rank at number 1023th in State or 3434th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SOUTHPORT, 4215 should have seen some difference. While the latest census median annual household figure income is now $45,812, it was $40,466 back in 2006, which is a net increase of $5,345 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $149 better off each year even without factoring in mortgage rate cuts.