BROADBEACH, 4218 is number 1440th in a list of the country’s fastest growing suburbs, and number 343th in State. It has had an average population growth of 164.40 over the period between the last two national censuses.
BROADBEACH, 4218 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,478 to $1,746.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BROADBEACH, 4218 should have seen some difference. While the latest census median annual household figure income is now $53,456, it was $48,526 back in 2006, which is a net increase of $4,929 Subtract from that the median mortgage repayment increase of $3,216 and a mortgage broker’s clients could be up to $1,713 better off each year even without factoring in mortgage rate cuts.