PADBURY is one of the averagely priced suburbs in WA. Median home prices are $520,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $468,000 home loan.
PADBURY 6025 has seen steady growth in it’s population over the last five years.
PADBURY, 6025 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 $1,118 to $1,907.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PADBURY, 6025 should have seen some difference. While the latest census median annual household figure income is now $82,316, it was $58,905 back in 2006, which is a net increase of $23,410 Subtract from that the median mortgage repayment increase of $9,468 and a mortgage broker’s clients could be up to $13,942 better off each year even without factoring in mortgage rate cuts.