GUILDFORD is one of the more expensive suburbs in WA. Median home prices are $615,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $553,500 home loan.
With a net change of -58 people, GUILDFORD 6055 has has shrunk quite a lot when compared to other suburbs in WA.
GUILDFORD 6055 homeowners are paying around 42.86% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of WA which is 53.23%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GUILDFORD, 6055 should have seen some difference. While the latest census median annual household figure income is now $85,332, it was $57,657 back in 2006, which is a net increase of $27,674 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $20,474 better off each year even without factoring in mortgage rate cuts.