WORONGARY is one of the more expensive suburbs in QLD. Median home prices are $600,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $540,000 home loan.
Between 2005 and 2011 the population of WORONGARY, 4213 grew an average of 965.20 people each year. This figure of 1094.60% per annum means WORONGARY is one of the fastest growing suburbs in QLD.
Mortgage brokers in WORONGARY, 4213 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,569 to $2,080.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WORONGARY, 4213 should have seen some difference. While the latest census median annual household figure income is now $74,620, it was $72,202 back in 2006, which is a net increase of $2,418 Subtract from that the median mortgage repayment increase of $6,132 and a mortgage broker’s clients could be up to $-3,714 better off each year even without factoring in mortgage rate cuts.