BUTLER is one of the less expensive suburbs in WA. Median home prices are $400,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $360,000 home loan.
Across the whole country BUTLER,6036 is number 519th fastest growing suburb by population growth, and 44th in State. Its population grew by 4596 people over the last five years.
Mortgage brokers in BUTLER, 6036 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,517 to $2,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BUTLER, 6036 should have seen some difference. While the latest census median annual household figure income is now $86,060, it was $62,649 back in 2006, which is a net increase of $23,410 Subtract from that the median mortgage repayment increase of $9,396 and a mortgage broker’s clients could be up to $14,014 better off each year even without factoring in mortgage rate cuts.