Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SCARBOROUGH, 6019 is already $740,000, which makes it the number 78th in WA on a list ordered by most expensive. Make sure that you get good SCARBOROUGH mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 14171.00 This means that SCARBOROUGH, 6019’s growth of 1680 people is well 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 $-491 less than the median monthly home loan repayment in SCARBOROUGH, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SCARBOROUGH, 6019 should have seen some difference. While the latest census median annual household figure income is now $81,432, it was $55,962 back in 2006, which is a net increase of $25,469 Subtract from that the median mortgage repayment increase of $9,204 and a mortgage broker’s clients could be up to $16,265 better off each year even without factoring in mortgage rate cuts.