Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in TANAH MERAH, 4128 is already $460,000, which makes it the number 430th in QLD on a list ordered by most expensive. Make sure that you get good TANAH MERAH mortgage broker to look for the best deal.
Between 2005 and 2011 the population of TANAH MERAH, 4128 grew an average of 9.80 people each year. This figure of 901.60% per annum means TANAH MERAH is one of the more rapidly growing suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $650 more every month. As a percentage rise, this makes TANAH MERAH, 4128 the number 1843th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TANAH MERAH, 4128 should have seen some difference. While the latest census median annual household figure income is now $79,352, it was $61,578 back in 2006, which is a net increase of $17,773 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $9,973 better off each year even without factoring in mortgage rate cuts.