SOUTH FREMANTLE is one of the most expensive suburbs in WA. Median home prices are $1,025,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $922,500 home loan.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with above the state figure, SOUTH FREMANTLE, 6162 figure of 205 represents a 2899.00% change.
SOUTH FREMANTLE 6162 homeowners are paying around 43.97% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of WA which is 53.23%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SOUTH FREMANTLE, 6162 should have seen some difference. While the latest census median annual household figure income is now $73,164, it was $55,723 back in 2006, which is a net increase of $17,440 Subtract from that the median mortgage repayment increase of $8,004 and a mortgage broker’s clients could be up to $9,436 better off each year even without factoring in mortgage rate cuts.