If you were to buy a house locally at the current median price of $505,000 and had 10% deposit, then you would need a mortgage for $454,500. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of TAIGUM, 4018 grew an average of 91.00 people each year. This figure of 1103.60% per annum means TAIGUM is one of the fastest growing suburbs in QLD.
Mortgage brokers in TAIGUM, 4018 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,300 to $1,800.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TAIGUM, 4018 should have seen some difference. While the latest census median annual household figure income is now $60,528, it was $54,522 back in 2006, which is a net increase of $6,006 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $6 better off each year even without factoring in mortgage rate cuts.