Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then HAMILTON HILL is number 2121th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HAMILTON HILL, 6163.
Between 2005 and 2011 the population of HAMILTON HILL, 6163 grew an average of 119.40 people each year. This figure of 1951.00% per annum means HAMILTON HILL is one of the fastest growing suburbs in WA.
Mortgage brokers in HAMILTON HILL, 6163 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,106 to $1,733.
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.