Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BALCATTA, 6021 is already $492,000, which makes it the number 191th in WA on a list ordered by most expensive. Make sure that you get good BALCATTA mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 9890.00 This means that BALCATTA, 6021’s growth of 495 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BALCATTA, 6021 rank at number 207th in State or 849th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BALCATTA, 6021 should have seen some difference. While the latest census median annual household figure income is now $57,980, it was $45,286 back in 2006, which is a net increase of $12,693 Subtract from that the median mortgage repayment increase of $9,000 and a mortgage broker’s clients could be up to $3,693 better off each year even without factoring in mortgage rate cuts.