If you were to buy a house locally at the current median price of $770,000 and had 10% deposit, then you would need a mortgage for $693,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of BENOWA, 4217 grew an average of 141.80 people each year. This figure of 1575.60% per annum means BENOWA is one of the fastest growing suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes BENOWA, 4217 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
On a national list of suburbs ranked by median mortgage repayments, BENOWA would be 858th.