If you were to buy a house locally at the current median price of $288,000 and had 10% deposit, then you would need a mortgage for $259,200. This is relatively small mortgage compared to state.
GREENFIELDS, 6210 is number 488th in a list of the country’s fastest growing suburbs, and number 41th in State. It has had an average population growth of 124.40 over the period between the last two national censuses.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $67 more than the median monthly home loan repayment in GREENFIELDS, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GREENFIELDS, 6210 should have seen some difference. While the latest census median annual household figure income is now $43,784, it was $37,975 back in 2006, which is a net increase of $5,808 Subtract from that the median mortgage repayment increase of $6,966 and a mortgage broker’s clients could be up to $-1,157 better off each year even without factoring in mortgage rate cuts.