No matter where in WA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BASSENDEAN , 6054 is $501,500 this month which means that a mortgage for 80% of that value would be $401,200.
Between 2005 and 2011 the population of BASSENDEAN, 6054 grew an average of 172.60 people each year. This figure of 1907.80% per annum means BASSENDEAN is one of the fastest growing suburbs in WA.
BASSENDEAN, 6054 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 $1,187 to $1,898.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BASSENDEAN, 6054 should have seen some difference. While the latest census median annual household figure income is now $67,652, it was $49,857 back in 2006, which is a net increase of $17,794 Subtract from that the median mortgage repayment increase of $8,532 and a mortgage broker’s clients could be up to $9,262 better off each year even without factoring in mortgage rate cuts.