GARDENVALE, 3185 is number 3664th in a list of the country’s fastest growing suburbs, and number 631th in State. It has had an average population growth of -3.40 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in GARDENVALE, 3185 rank at number 66th in State or 870th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GARDENVALE, 3185 should have seen some difference. While the latest census median annual household figure income is now $67,184, it was $50,310 back in 2006, which is a net increase of $16,874 Subtract from that the median mortgage repayment increase of $8,970 and a mortgage broker’s clients could be up to $7,904 better off each year even without factoring in mortgage rate cuts.