If you’re looking to buy in SPEARWOOD then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $500,000 over the last year.
With a net change of 157 people, SPEARWOOD 6163 has not grown much when compared to other suburbs in WA.
Mortgage brokers in SPEARWOOD, 6163 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,100 to $1,700.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SPEARWOOD, 6163 should have seen some difference. While the latest census median annual household figure income is now $56,680, it was $47,413 back in 2006, which is a net increase of $9,266 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $2,066 better off each year even without factoring in mortgage rate cuts.