KALLAROO is one of the most expensive suburbs in WA. Median home prices are $735,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $661,500 home loan.
Australia’s total population growth over the last five years has been 5050.00 This means that KALLAROO, 6025’s growth of 31 people is well above the mean for the country as a whole.
KALLAROO, 6025 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,430 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KALLAROO, 6025 should have seen some difference. While the latest census median annual household figure income is now $90,272, it was $72,982 back in 2006, which is a net increase of $17,290 Subtract from that the median mortgage repayment increase of $8,844 and a mortgage broker’s clients could be up to $8,446 better off each year even without factoring in mortgage rate cuts.