If you were to buy a house locally at the current median price of $429,000 and had 10% deposit, then you would need a mortgage for $386,100. This is an average sized mortgage compared to state.
With a net change of 196 people, MARANGAROO 6064 has grown when compared to other suburbs in WA.
Mortgage payments in MARANGAROO , 6064 have increased by $568 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MARANGAROO, 6064 should have seen some difference. While the latest census median annual household figure income is now $64,740, it was $51,506 back in 2006, which is a net increase of $13,234 Subtract from that the median mortgage repayment increase of $6,816 and a mortgage broker’s clients could be up to $6,418 better off each year even without factoring in mortgage rate cuts.