If you were to buy a house locally at the current median price of $812,500 and had 10% deposit, then you would need a mortgage for $731,250. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of TALLAI, 4213 grew an average of 594.40 people each year. This figure of 733.00% per annum means TALLAI is one of the more rapidly growing suburbs in QLD.
TALLAI, 4213 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,733 to $2,200.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TALLAI, 4213 should have seen some difference. While the latest census median annual household figure income is now $71,188, it was $68,868 back in 2006, which is a net increase of $2,319 Subtract from that the median mortgage repayment increase of $5,604 and a mortgage broker’s clients could be up to $-3,284 better off each year even without factoring in mortgage rate cuts.