If you were to buy a house locally at the current median price of $558,000 and had 10% deposit, then you would need a mortgage for $502,200. This is quite a large mortgage compared to state.
With a net change of -50 people, MUNDARING 6073 has has shrunk quite a lot when compared to other suburbs in WA.
MUNDARING 6073 homeowners are paying around 30.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of WA which is 53.23%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MUNDARING, 6073 should have seen some difference. While the latest census median annual household figure income is now $68,588, it was $54,558 back in 2006, which is a net increase of $14,029 Subtract from that the median mortgage repayment increase of $4,500 and a mortgage broker’s clients could be up to $9,529 better off each year even without factoring in mortgage rate cuts.