WILLETTON is one of the most expensive suburbs in WA. Median home prices are $700,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $630,000 home loan.
With a net change of 148 people, WILLETTON 6155 has not grown much when compared to other suburbs in WA.
WILLETTON, 6155 has seen a large 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 $1,800.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WILLETTON, 6155 should have seen some difference. While the latest census median annual household figure income is now $90,012, it was $66,638 back in 2006, which is a net increase of $23,374 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $16,174 better off each year even without factoring in mortgage rate cuts.