If you were to buy a house locally at the current median price of $620,000 and had 10% deposit, then you would need a mortgage for $558,000. This is quite a large mortgage compared to state.
With a net change of 1075 people, WELLINGTON POINT 4160 has grown considerably when compared to other suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in WELLINGTON POINT, 4160 rank at number 739th in State or 2201th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WELLINGTON POINT, 4160 should have seen some difference. While the latest census median annual household figure income is now $90,116, it was $70,844 back in 2006, which is a net increase of $19,271 Subtract from that the median mortgage repayment increase of $6,576 and a mortgage broker’s clients could be up to $12,695 better off each year even without factoring in mortgage rate cuts.