If you were to buy a house locally at the current median price of $1,300,000 and had 10% deposit, then you would need a mortgage for $1,170,000. This is a very large mortgage compared to state.
Across the whole country SURFERS PARADISE,4217 is number 110th fastest growing suburb by population growth, and 11th in State. Its population grew by 1167 people over the last five years.
SURFERS PARADISE 4217 homeowners are paying around 23.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of QLD which is 48.06%.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, SURFERS PARADISE QLD would be 438th with 46.63.