If you were to buy a house locally at the current median price of $566,500 and had 10% deposit, then you would need a mortgage for $509,850. This is quite a large mortgage compared to state.
The average suburb population growth in WA has been 2893.52% since 2006, so the 30565.00% population change in CANNING VALE 6155 is well above average.
Mortgage brokers in CANNING VALE, 6155 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,450 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CANNING VALE, 6155 should have seen some difference. While the latest census median annual household figure income is now $105,144, it was $82,711 back in 2006, which is a net increase of $22,432 Subtract from that the median mortgage repayment increase of $8,604 and a mortgage broker’s clients could be up to $13,828 better off each year even without factoring in mortgage rate cuts.