If you were to buy a house locally at the current median price of $1,020,000 and had 10% deposit, then you would need a mortgage for $918,000. This is a very large mortgage compared to state.
SPRING HILL, 4000 is number 1250th in a list of the country’s fastest growing suburbs, and number 296th in State. It has had an average population growth of 84.80 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SPRING HILL, 4000 rank at number 775th in State or 2280th nationally when listed in order of median monthly mortgage payment.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, SPRING HILL QLD would be 4022th with 29.44.