If you were to buy a house locally at the current median price of $980,000 and had 10% deposit, then you would need a mortgage for $882,000. This is a very large mortgage compared to state.
SOUTH FREMANTLE 6162 has seen steady growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,184 which is $667 more every month. As a percentage rise, this makes SOUTH FREMANTLE, 6162 the number 832th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $335 which is a theoretical $34,684 available for a SOUTH FREMANTLE mortgage broker to find a home loan.