Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in COOLOONGUP, 6168 is already $310,000, which makes it the number 388th in WA on a list ordered by most expensive. Make sure that you get good COOLOONGUP mortgage broker to look for the best deal.
Across the whole country COOLOONGUP,6168 is number 890th fastest growing suburb by population growth, and 103th in State. Its population grew by -77 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,560 which is $567 more every month. As a percentage rise, this makes COOLOONGUP, 6168 the number 3523th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COOLOONGUP, 6168 should have seen some difference. While the latest census median annual household figure income is now $53,300, it was $41,657 back in 2006, which is a net increase of $11,642 Subtract from that the median mortgage repayment increase of $6,810 and a mortgage broker’s clients could be up to $4,832 better off each year even without factoring in mortgage rate cuts.