If you were to buy a house locally at the current median price of $505,500 and had 10% deposit, then you would need a mortgage for $454,950. This is an average sized mortgage compared to state.
Across the whole country LANGWARRIN,3910 is number 77th fastest growing suburb by population growth, and 42th in State. Its population grew by 1547 people over the last five years.
With a median housing loan repayment of $1,733 a month, LANGWARRIN , 3910 mortgage brokers are seeing mortgage holders paying $437 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LANGWARRIN, 3910 should have seen some difference. While the latest census median annual household figure income is now $71,968, it was $59,488 back in 2006, which is a net increase of $12,480 Subtract from that the median mortgage repayment increase of $5,244 and a mortgage broker’s clients could be up to $7,236 better off each year even without factoring in mortgage rate cuts.