BASSENDEAN is one of the averagely priced suburbs in WA. Median home prices are $505,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $454,500 home loan.
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.
With a median housing loan repayment of $1,898 a month, BASSENDEAN , 6054 mortgage brokers are seeing mortgage holders paying $711 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 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.