No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in FERNVALE , 4306 is $343,000 this month which means that a mortgage for 80% of that value would be $274,400.
Across the whole country FERNVALE,4306 is number 2470th fastest growing suburb by population growth, and 568th in State. Its population grew by 824 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $543 more every month. As a percentage rise, this makes FERNVALE, 4306 the number 2627th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FERNVALE, 4306 should have seen some difference. While the latest census median annual household figure income is now $70,252, it was $56,498 back in 2006, which is a net increase of $13,754 Subtract from that the median mortgage repayment increase of $6,522 and a mortgage broker’s clients could be up to $7,232 better off each year even without factoring in mortgage rate cuts.