BIBRA LAKE is one of the more expensive suburbs in WA. Median home prices are $526,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $473,400 home loan.
Australia’s total population growth over the last five years has been 5854.00 This means that BIBRA LAKE, 6163’s growth of -121 people is well above the mean for the country as a whole.
With a median housing loan repayment of $1,733 a month, BIBRA LAKE , 6163 mortgage brokers are seeing mortgage holders paying $473 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 BIBRA LAKE, 6163 should have seen some difference. While the latest census median annual household figure income is now $79,300, it was $61,001 back in 2006, which is a net increase of $18,298 Subtract from that the median mortgage repayment increase of $5,676 and a mortgage broker’s clients could be up to $12,622 better off each year even without factoring in mortgage rate cuts.