Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in EAST PERTH, 6004 is already $1,165,000, which makes it the number 21th in WA on a list ordered by most expensive. Make sure that you get good EAST PERTH mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 8084.00 This means that EAST PERTH, 6004’s growth of 2432 people is well above the mean for the country as a whole.
Mortgage brokers in EAST PERTH, 6004 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,733 to $2,392.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in EAST PERTH, 6004 should have seen some difference. While the latest census median annual household figure income is now $94,276, it was $57,532 back in 2006, which is a net increase of $36,743 Subtract from that the median mortgage repayment increase of $7,908 and a mortgage broker’s clients could be up to $28,835 better off each year even without factoring in mortgage rate cuts.