If you were to buy a house locally at the current median price of $1,017,500 and had 10% deposit, then you would need a mortgage for $915,750. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 2625.00 This means that NORTH FREMANTLE, 6159’s growth of 140 people is considerably above the mean for the country as a whole.
NORTH FREMANTLE 6159 homeowners are paying around 44.44% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more 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 NORTH FREMANTLE, 6159 should have seen some difference. While the latest census median annual household figure income is now $96,668, it was $68,437 back in 2006, which is a net increase of $28,230 Subtract from that the median mortgage repayment increase of $9,600 and a mortgage broker’s clients could be up to $18,630 better off each year even without factoring in mortgage rate cuts.