If you were to buy a house locally at the current median price of $298,000 and had 10% deposit, then you would need a mortgage for $268,200. This is relatively small mortgage compared to state.
MANDURAH 6210 has seen a high level of growth in it’s population over the last five years.
MANDURAH, 6210 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $900 to $1,485.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MANDURAH, 6210 should have seen some difference. While the latest census median annual household figure income is now $35,308, it was $27,653 back in 2006, which is a net increase of $7,654 Subtract from that the median mortgage repayment increase of $7,020 and a mortgage broker’s clients could be up to $634 better off each year even without factoring in mortgage rate cuts.