WELLINGTON POINT is one of the more expensive suburbs in QLD. Median home prices are $617,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $555,750 home loan.
WELLINGTON POINT, 4160 is number 338th in a list of the country’s fastest growing suburbs, and number 67th in State. It has had an average population growth of 215.00 over the period between the last two national censuses.
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.