If you were to buy a house locally at the current median price of $485,000 and had 10% deposit, then you would need a mortgage for $436,500. This is an average sized mortgage compared to state.
HAMILTON HILL 6163 has seen a high level of growth in it’s population over the last five years.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $-57 less than the median monthly home loan repayment in HAMILTON HILL, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HAMILTON HILL, 6163 should have seen some difference. While the latest census median annual household figure income is now $50,804, it was $36,514 back in 2006, which is a net increase of $14,289 Subtract from that the median mortgage repayment increase of $7,524 and a mortgage broker’s clients could be up to $6,765 better off each year even without factoring in mortgage rate cuts.