Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in YANCHEP, 6035 is already $430,000, which makes it the number 269th in WA on a list ordered by most expensive. Make sure that you get good YANCHEP mortgage broker to look for the best deal.
The average suburb population growth in WA has been 2893.52% since 2006, so the 4146.00% population change in YANCHEP 6035 is above average.
Mortgage brokers in YANCHEP, 6035 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,160 to $2,100.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YANCHEP, 6035 should have seen some difference. While the latest census median annual household figure income is now $64,792, it was $43,035 back in 2006, which is a net increase of $21,756 Subtract from that the median mortgage repayment increase of $11,280 and a mortgage broker’s clients could be up to $10,476 better off each year even without factoring in mortgage rate cuts.