MARANGAROO is one of the averagely priced suburbs in WA. Median home prices are $452,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $406,800 home loan.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with well above the state figure, MARANGAROO, 6064 figure of 196 represents a 10418.00% change.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $25 more than the median monthly home loan repayment in MARANGAROO, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MARANGAROO, 6064 should have seen some difference. While the latest census median annual household figure income is now $64,740, it was $51,506 back in 2006, which is a net increase of $13,234 Subtract from that the median mortgage repayment increase of $6,816 and a mortgage broker’s clients could be up to $6,418 better off each year even without factoring in mortgage rate cuts.