GERALDTON is one of the least expensive suburbs in WA. Median home prices are $290,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $261,000 home loan.
GERALDTON, 6530 is number 1854th in a list of the country’s fastest growing suburbs, and number 220th in State. It has had an average population growth of -23.00 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 $320 more than the median monthly home loan repayment in GERALDTON, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GERALDTON, 6530 should have seen some difference. While the latest census median annual household figure income is now $50,856, it was $42,192 back in 2006, which is a net increase of $8,663 Subtract from that the median mortgage repayment increase of $4,572 and a mortgage broker’s clients could be up to $4,091 better off each year even without factoring in mortgage rate cuts.