Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in DOUBLEVIEW, 6018 is already $729,500, which makes it the number 76th in WA on a list ordered by most expensive. Make sure that you get good DOUBLEVIEW mortgage broker to look for the best deal.
Between 2005 and 2011 the population of DOUBLEVIEW, 6018 grew an average of 75.80 people each year. This figure of 1495.00% per annum means DOUBLEVIEW is one of the fastest growing suburbs in WA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $568 more every month. As a percentage rise, this makes DOUBLEVIEW, 6018 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DOUBLEVIEW, 6018 should have seen some difference. While the latest census median annual household figure income is now $88,868, it was $58,151 back in 2006, which is a net increase of $30,716 Subtract from that the median mortgage repayment increase of $6,822 and a mortgage broker’s clients could be up to $23,894 better off each year even without factoring in mortgage rate cuts.