House prices in TORQUAY have seen slightly negative growth over the last year, which means it's more important than ever to get a good QLD mortgage broker to help you choose the right home loan product.
Across the whole country TORQUAY,4655 is number 1034th fastest growing suburb by population growth, and 235th in State. Its population grew by 331 people over the last five years.
TORQUAY, 4655 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,029 to $1,460.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TORQUAY, 4655 should have seen some difference. While the latest census median annual household figure income is now $35,256, it was $31,382 back in 2006, which is a net increase of $3,874 Subtract from that the median mortgage repayment increase of $5,166 and a mortgage broker’s clients could be up to $-1,292 better off each year even without factoring in mortgage rate cuts.