If you were to buy a house locally at the current median price of $790,000 and had 10% deposit, then you would need a mortgage for $711,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of TOOWONG, 4066 grew an average of 276.20 people each year. This figure of 2231.00% per annum means TOOWONG 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 $520 more every month. As a percentage rise, this makes TOOWONG, 4066 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.
Weekly gross incomes in TOOWONG, 4066 have increased by $446. In the same period median mortgage loan repayments have increased by $520.