No matter where in WA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in VICTORIA PARK , 6100 is $660,000 this month which means that a mortgage for 80% of that value would be $528,000.
Between 2005 and 2011 the population of VICTORIA PARK, 6100 grew an average of 272.80 people each year. This figure of 1687.80% per annum means VICTORIA PARK is one of the fastest growing suburbs in WA.
VICTORIA PARK 6100 homeowners are paying around 46.04% 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 VICTORIA PARK, 6100 should have seen some difference. While the latest census median annual household figure income is now $74,204, it was $51,849 back in 2006, which is a net increase of $22,354 Subtract from that the median mortgage repayment increase of $7,566 and a mortgage broker’s clients could be up to $14,788 better off each year even without factoring in mortgage rate cuts.