BAYSWATER is one of the more expensive suburbs in WA. Median home prices are $590,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $531,000 home loan.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with well above the state figure, BAYSWATER, 6053 figure of 1375 represents a 13425.00% change.
Mortgage brokers in BAYSWATER, 6053 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,300 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BAYSWATER, 6053 should have seen some difference. While the latest census median annual household figure income is now $73,528, it was $52,936 back in 2006, which is a net increase of $20,592 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $12,192 better off each year even without factoring in mortgage rate cuts.