House prices in NEWMAN have seen negative growth over the last year, which means it's more important than ever to get a good WA mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of NEWMAN, 6753 grew an average of 789.20 people each year. This figure of 1797.20% per annum means NEWMAN is one of the fastest growing suburbs in WA.
NEWMAN, 6753 has seen a very 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 $360 to $364.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NEWMAN, 6753 should have seen some difference. While the latest census median annual household figure income is now $147,004, it was $113,131 back in 2006, which is a net increase of $33,872 Subtract from that the median mortgage repayment increase of $48 and a mortgage broker’s clients could be up to $33,824 better off each year even without factoring in mortgage rate cuts.