If you were to buy a house locally at the current median price of $620,000 and had 10% deposit, then you would need a mortgage for $558,000. This is quite a large mortgage compared to state.
KALAMUNDA, 6076 is number 910th in a list of the country’s fastest growing suburbs, and number 105th in State. It has had an average population growth of -40.00 over the period between the last two national censuses.
Mortgage brokers in KALAMUNDA, 6076 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,300 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KALAMUNDA, 6076 should have seen some difference. While the latest census median annual household figure income is now $68,744, it was $56,056 back in 2006, which is a net increase of $12,688 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $4,288 better off each year even without factoring in mortgage rate cuts.