BALCATTA is one of the averagely priced suburbs in WA. Median home prices are $489,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $440,100 home loan.
Across the whole country BALCATTA,6021 is number 484th fastest growing suburb by population growth, and 39th in State. Its population grew by 495 people over the last five years.
With a median housing loan repayment of $1,950 a month, BALCATTA , 6021 mortgage brokers are seeing mortgage holders paying $750 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 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.