By the numbers ....
- pdavey100
- Mar 12, 2024
- 1 min read
Median home prices in SE QLD, and what it takes to buy them.
Location | Median Price | Median Stamp Duty | 20% deposit | Loan Repayment Amount / m | Gross Income Required |
Gold Coast | $1,030,000 | $33,000 | $239,000 | $5,047 | $206,000 |
Brisbane | $890,000 | $26,000 | $204,000 | $4,360 | $178,000 |
Sunshine Coast | $998,000 | $31,000 | $231,000 | $4,888 | $199,000 |
Median house price as at 31 Dec 2023 (www.domain.com.au)
20% deposit includes stamp duty
Monthly loan repayment is based on a 30-year term at 6.20%
Gross income required is to service an 80% LVR home loan. This is based on a Debt to Income ratio (DTI) of 4x (this varies depending on circumstances)
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