If you were to buy a house locally at the current median price of $947,500 and had 10% deposit, then you would need a mortgage for $852,750. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of WEMBLEY, 6014 grew an average of 188.00 people each year. This figure of 2090.60% per annum means WEMBLEY is one of the fastest growing suburbs in WA.
With a median housing loan repayment of $2,167 a month, WEMBLEY , 6014 mortgage brokers are seeing mortgage holders paying $749 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WEMBLEY, 6014 should have seen some difference. While the latest census median annual household figure income is now $82,420, it was $54,522 back in 2006, which is a net increase of $27,898 Subtract from that the median mortgage repayment increase of $8,988 and a mortgage broker’s clients could be up to $18,910 better off each year even without factoring in mortgage rate cuts.