If you were to buy a house locally at the current median price of $530,000 and had 10% deposit, then you would need a mortgage for $477,000. This is quite a large mortgage compared to state.
The average suburb population growth in WA has been 2893.52% since 2006, so the 6673.00% population change in CURRAMBINE 6028 is well above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in CURRAMBINE, 6028 rank at number 379th in State or 1748th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CURRAMBINE, 6028 should have seen some difference. While the latest census median annual household figure income is now $99,736, it was $74,833 back in 2006, which is a net increase of $24,902 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $17,702 better off each year even without factoring in mortgage rate cuts.