Between 2005 and 2011 the population of FORTITUDE VALLEY, 4006 grew an average of 106.60 people each year. This figure of 1103.00% per annum means FORTITUDE VALLEY is one of the fastest growing suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in FORTITUDE VALLEY, 4006 rank at number 751th in State or 2225th 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 FORTITUDE VALLEY, 4006 should have seen some difference. While the latest census median annual household figure income is now $82,680, it was $60,023 back in 2006, which is a net increase of $22,656 Subtract from that the median mortgage repayment increase of $6,516 and a mortgage broker’s clients could be up to $16,140 better off each year even without factoring in mortgage rate cuts.