Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MADDINGTON, 6109 is already $332,500, which makes it the number 363th in WA on a list ordered by most expensive. Make sure that you get good MADDINGTON mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 9886.00 This means that MADDINGTON, 6109’s growth of 850 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MADDINGTON, 6109 rank at number 312th in State or 1292th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MADDINGTON, 6109 should have seen some difference. While the latest census median annual household figure income is now $56,940, it was $42,655 back in 2006, which is a net increase of $14,284 Subtract from that the median mortgage repayment increase of $7,884 and a mortgage broker’s clients could be up to $6,400 better off each year even without factoring in mortgage rate cuts.