WINDAROO is one of the averagely priced suburbs in QLD. Median home prices are $450,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $405,000 home loan.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with above the state figure, WINDAROO, 4207 figure of 264 represents a 2615.00% change.
WINDAROO 4207 homeowners are paying around 41.64% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WINDAROO, 4207 should have seen some difference. While the latest census median annual household figure income is now $83,096, it was $65,572 back in 2006, which is a net increase of $17,524 Subtract from that the median mortgage repayment increase of $7,056 and a mortgage broker’s clients could be up to $10,468 better off each year even without factoring in mortgage rate cuts.