If you were to buy a house locally at the current median price of $693,000 and had 10% deposit, then you would need a mortgage for $623,700. This is a very large mortgage compared to state.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with pretty equal to the state figure, MYAREE, 6154 figure of 96 represents a 1796.00% change.
MYAREE, 6154 has seen a large 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 $1,300 to $2,000.
The local median household income has increased by $310 which is a theoretical $36,400 available for a MYAREE mortgage broker to find a home loan.