Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then WEST LAKES SHORE is number 1629th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WEST LAKES SHORE, 5020.
WEST LAKES SHORE, 5020 is number 2100th in a list of the country’s fastest growing suburbs, and number 171th in State. It has had an average population growth of 1.20 over the period between the last two national censuses.
WEST LAKES SHORE, 5020 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,200 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WEST LAKES SHORE, 5020 should have seen some difference. While the latest census median annual household figure income is now $67,652, it was $58,250 back in 2006, which is a net increase of $9,401 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $3,005 better off each year even without factoring in mortgage rate cuts.