Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then GUILDFORD WEST is number 1009th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service GUILDFORD WEST, 2161.
Across the whole country GUILDFORD WEST,2161 is number 1493th fastest growing suburb by population growth, and 481th in State. Its population grew by 204 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $650 more every month. As a percentage rise, this makes GUILDFORD WEST, 2161 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 GUILDFORD WEST, 2161 should have seen some difference. While the latest census median annual household figure income is now $57,772, it was $52,332 back in 2006, which is a net increase of $5,439 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $-2,360 better off each year even without factoring in mortgage rate cuts.