MIDLAND is one of the less expensive suburbs in WA. Median home prices are $345,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $310,500 home loan.
The average suburb population growth in WA has been 2893.52% since 2006, so the 5009.00% population change in MIDLAND 6056 is above average.
MIDLAND, 6056 has seen a average 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 $984 to $1,690.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MIDLAND, 6056 should have seen some difference. While the latest census median annual household figure income is now $47,060, it was $32,156 back in 2006, which is a net increase of $14,903 Subtract from that the median mortgage repayment increase of $8,472 and a mortgage broker’s clients could be up to $6,431 better off each year even without factoring in mortgage rate cuts.