If you were to buy a house locally at the current median price of $600,000 and had 10% deposit, then you would need a mortgage for $540,000. This is quite a large mortgage compared to state.
The average suburb population growth in WA has been 2893.52% since 2006, so the 12253.00% population change in MAYLANDS 6051 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $652 more every month. As a percentage rise, this makes MAYLANDS, 6051 the number 1843th 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 MAYLANDS, 6051 should have seen some difference. While the latest census median annual household figure income is now $63,440, it was $41,979 back in 2006, which is a net increase of $21,460 Subtract from that the median mortgage repayment increase of $7,830 and a mortgage broker’s clients could be up to $13,630 better off each year even without factoring in mortgage rate cuts.