Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BEELIAR, 6164 is already $540,000, which makes it the number 159th in WA on a list ordered by most expensive. Make sure that you get good BEELIAR mortgage broker to look for the best deal.
Between 2005 and 2011 the population of BEELIAR, 6164 grew an average of 310.40 people each year. This figure of 1153.60% per annum means BEELIAR is one of the fastest growing suburbs in WA.
BEELIAR 6164 homeowners are paying around 57.60% 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 BEELIAR, 6164 should have seen some difference. While the latest census median annual household figure income is now $96,876, it was $66,149 back in 2006, which is a net increase of $30,726 Subtract from that the median mortgage repayment increase of $9,504 and a mortgage broker’s clients could be up to $21,222 better off each year even without factoring in mortgage rate cuts.