No matter where in WA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in LYNWOOD , 6147 is $450,000 this month which means that a mortgage for 80% of that value would be $360,000.
The average suburb population growth in WA has been 2893.52% since 2006, so the 3046.00% population change in LYNWOOD 6147 is above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,586 which is $611 more every month. As a percentage rise, this makes LYNWOOD, 6147 the number 3482th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LYNWOOD, 6147 should have seen some difference. While the latest census median annual household figure income is now $59,748, it was $45,110 back in 2006, which is a net increase of $14,638 Subtract from that the median mortgage repayment increase of $7,332 and a mortgage broker’s clients could be up to $7,306 better off each year even without factoring in mortgage rate cuts.