Across the whole country FORTITUDE VALLEY,4006 is number 1151th fastest growing suburb by population growth, and 266th in State. Its population grew by 533 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,179 which is $543 more every month. As a percentage rise, this makes FORTITUDE VALLEY, 4006 the number 836th 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 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.