ELLENBROOK is one of the less expensive suburbs in WA. Median home prices are $396,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $356,400 home loan.
The average suburb population growth in WA has been 2893.52% since 2006, so the 16185.00% population change in ELLENBROOK 6069 is well above average.
ELLENBROOK, 6069 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,408 to $2,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ELLENBROOK, 6069 should have seen some difference. While the latest census median annual household figure income is now $87,204, it was $62,894 back in 2006, which is a net increase of $24,310 Subtract from that the median mortgage repayment increase of $10,704 and a mortgage broker’s clients could be up to $13,606 better off each year even without factoring in mortgage rate cuts.