BEACONSFIELD is one of the most expensive suburbs in WA. Median home prices are $695,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $625,500 home loan.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with above the state figure, BEACONSFIELD, 6162 figure of 530 represents a 4549.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BEACONSFIELD, 6162 rank at number 107th in State or 448th 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 BEACONSFIELD, 6162 should have seen some difference. While the latest census median annual household figure income is now $55,640, it was $42,094 back in 2006, which is a net increase of $13,546 Subtract from that the median mortgage repayment increase of $10,530 and a mortgage broker’s clients could be up to $3,016 better off each year even without factoring in mortgage rate cuts.