Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in RIDGEWOOD, 6030 is already $411,000, which makes it the number 292th in WA on a list ordered by most expensive. Make sure that you get good RIDGEWOOD mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 3907.00 This means that RIDGEWOOD, 6030’s growth of 2713 people is considerably above the mean for the country as a whole.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $-624 less than the median monthly home loan repayment in RIDGEWOOD, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RIDGEWOOD, 6030 should have seen some difference. While the latest census median annual household figure income is now $68,796, it was $50,559 back in 2006, which is a net increase of $18,236 Subtract from that the median mortgage repayment increase of $12,360 and a mortgage broker’s clients could be up to $5,876 better off each year even without factoring in mortgage rate cuts.