UPPER MOUNT GRAVATT is one of the more expensive suburbs in QLD. Median home prices are $632,750 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $569,475 home loan.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 8752.00% population change in UPPER MOUNT GRAVATT 4122 is well above average.
With a median housing loan repayment of $2,000 a month, UPPER MOUNT GRAVATT , 4122 mortgage brokers are seeing mortgage holders paying $600 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in UPPER MOUNT GRAVATT, 4122 should have seen some difference. While the latest census median annual household figure income is now $60,060, it was $52,717 back in 2006, which is a net increase of $7,342 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $142 better off each year even without factoring in mortgage rate cuts.