NORTH PERTH is one of the most expensive suburbs in WA. Median home prices are $820,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $738,000 home loan.
NORTH PERTH 6006 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,400 which is $772 more every month. As a percentage rise, this makes NORTH PERTH, 6006 the number 504th 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 NORTH PERTH, 6006 should have seen some difference. While the latest census median annual household figure income is now $90,116, it was $59,191 back in 2006, which is a net increase of $30,924 Subtract from that the median mortgage repayment increase of $9,264 and a mortgage broker’s clients could be up to $21,660 better off each year even without factoring in mortgage rate cuts.