If you were to buy a house locally at the current median price of $765,000 and had 10% deposit, then you would need a mortgage for $688,500. This is a very large mortgage compared to state.
The average suburb population growth in WA has been 2893.52% since 2006, so the 9136.00% population change in PERTH 6000 is well above average.
Mortgage payments in PERTH , 6000 have increased by $773 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PERTH, 6000 should have seen some difference. While the latest census median annual household figure income is now $90,948, it was $55,733 back in 2006, which is a net increase of $35,214 Subtract from that the median mortgage repayment increase of $9,276 and a mortgage broker’s clients could be up to $25,938 better off each year even without factoring in mortgage rate cuts.