If you were to buy a house locally at the current median price of $400,000 and had 10% deposit, then you would need a mortgage for $360,000. This is small than average mortgage compared to state.
Between 2005 and 2011 the population of PORT KENNEDY, 6172 grew an average of 257.80 people each year. This figure of 2801.00% per annum means PORT KENNEDY is one of the fastest growing suburbs in WA.
With a median housing loan repayment of $1,950 a month, PORT KENNEDY , 6172 mortgage brokers are seeing mortgage holders paying $650 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORT KENNEDY, 6172 should have seen some difference. While the latest census median annual household figure income is now $86,788, it was $65,374 back in 2006, which is a net increase of $21,413 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $13,613 better off each year even without factoring in mortgage rate cuts.