Home loans in Magnetic Island, QLD: repayments, costs & broker help

Magnetic Island is Townsville's island paradise — an extraordinary national park island just 25 minutes by ferry from Townsville CBD where over half the island is protected national park, koala colonies roam the eucalypts, and pristine beaches create one of Queensland's most unique lifestyle destinations. Its growing reputation as a year-round sea-change destination, strong Airbnb tourism demand, and extraordinary natural setting create exceptional long-term investment fundamentals. At the current $850k median house price, an 80% loan at 6.25% over 30 years is about $4,187 per month.

Magnetic Island home-loan snapshot

Median house price$850,000
Median unit price$580,000
Estimated monthly repayment$4,187 at 80% LVR, 6.25%, 30 years
Annual price growth11.5%
Gross rental yield4.5%
Typical days on market22

Calculate repayments, stamp duty, LMI and upfront costs for Magnetic Island, QLD. Request mortgage broker help if you want suitable lender policy, rates and fees compared for your situation.

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