FREMANTLE is one of the most expensive suburbs in WA. Median home prices are $810,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $729,000 home loan.
With a net change of 210 people, FREMANTLE 6160 has grown when compared to other suburbs in WA.
With a median housing loan repayment of $2,263 a month, FREMANTLE , 6160 mortgage brokers are seeing mortgage holders paying $746 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 FREMANTLE, 6160 should have seen some difference. While the latest census median annual household figure income is now $72,644, it was $49,270 back in 2006, which is a net increase of $23,374 Subtract from that the median mortgage repayment increase of $8,952 and a mortgage broker’s clients could be up to $14,422 better off each year even without factoring in mortgage rate cuts.