If you were to buy a house locally at the current median price of $500,000 and had 10% deposit, then you would need a mortgage for $450,000. This is an average sized mortgage compared to state.
Across the whole country BENTLEY,6102 is number 552th fastest growing suburb by population growth, and 48th in State. Its population grew by 979 people over the last five years.
BENTLEY, 6102 has seen a large 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 $1,200 to $1,800.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BENTLEY, 6102 should have seen some difference. While the latest census median annual household figure income is now $38,168, it was $29,031 back in 2006, which is a net increase of $9,136 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $1,936 better off each year even without factoring in mortgage rate cuts.