FERNY GROVE is one of the more expensive suburbs in QLD. Median home prices are $580,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $522,000 home loan.
Across the whole country FERNY GROVE,4055 is number 1152th fastest growing suburb by population growth, and 267th in State. Its population grew by 121 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $550 more every month. As a percentage rise, this makes FERNY GROVE, 4055 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $384 which is a theoretical $28,600 available for a FERNY GROVE mortgage broker to find a home loan.