If you were to buy a house locally at the current median price of $700,000 and had 10% deposit, then you would need a mortgage for $630,000. This is quite a large mortgage compared to state.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with well above the state figure, LEEMING, 6149 figure of -457 represents a 10992.00% change.
With a median housing loan repayment of $1,900 a month, LEEMING , 6149 mortgage brokers are seeing mortgage holders paying $600 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 LEEMING, 6149 should have seen some difference. While the latest census median annual household figure income is now $110,292, it was $82,394 back in 2006, which is a net increase of $27,898 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $20,698 better off each year even without factoring in mortgage rate cuts.