If you were to buy a house locally at the current median price of $843,000 and had 10% deposit, then you would need a mortgage for $758,700. This is a very large mortgage compared to state.
The average suburb population growth in WA has been 2893.52% since 2006, so the 13299.00% population change in COMO 6152 is well above average.
With a median housing loan repayment of $2,037 a month, COMO , 6152 mortgage brokers are seeing mortgage holders paying $637 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COMO, 6152 should have seen some difference. While the latest census median annual household figure income is now $74,464, it was $52,982 back in 2006, which is a net increase of $21,481 Subtract from that the median mortgage repayment increase of $7,644 and a mortgage broker’s clients could be up to $13,837 better off each year even without factoring in mortgage rate cuts.