If you were to buy a house locally at the current median price of $610,000 and had 10% deposit, then you would need a mortgage for $549,000. This is quite a large mortgage compared to state.
DIANELLA, 6059 is number 64th in a list of the country’s fastest growing suburbs, and number 3rd in State. It has had an average population growth of 196.20 over the period between the last two national censuses.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $-324 less than the median monthly home loan repayment in DIANELLA, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DIANELLA, 6059 should have seen some difference. While the latest census median annual household figure income is now $67,132, it was $52,936 back in 2006, which is a net increase of $14,196 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $5,796 better off each year even without factoring in mortgage rate cuts.