Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in LEEDERVILLE, 6007 is already $850,000, which makes it the number 50th in WA on a list ordered by most expensive. Make sure that you get good LEEDERVILLE mortgage broker to look for the best deal.
Between 2005 and 2011 the population of LEEDERVILLE, 6007 grew an average of 40.60 people each year. This figure of 568.80% per annum means LEEDERVILLE is one of the more rapidly growing suburbs in WA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,160 which is $660 more every month. As a percentage rise, this makes LEEDERVILLE, 6007 the number 1192th 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 LEEDERVILLE, 6007 should have seen some difference. While the latest census median annual household figure income is now $99,164, it was $66,123 back in 2006, which is a net increase of $33,040 Subtract from that the median mortgage repayment increase of $7,920 and a mortgage broker’s clients could be up to $25,120 better off each year even without factoring in mortgage rate cuts.