No matter where in WA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ARMADALE , 6112 is $305,000 this month which means that a mortgage for 80% of that value would be $244,000.
With a net change of 833 people, ARMADALE 6112 has grown considerably when compared to other suburbs in WA.
ARMADALE 6112 homeowners are paying around 69.20% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much more than the median average increase of WA which is 53.23%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ARMADALE, 6112 should have seen some difference. While the latest census median annual household figure income is now $46,228, it was $36,332 back in 2006, which is a net increase of $9,895 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $2,695 better off each year even without factoring in mortgage rate cuts.