If you were to buy a house locally at the current median price of $535,000 and had 10% deposit, then you would need a mortgage for $481,500. This is quite a large mortgage compared to state.
PADBURY 6025 has seen steady growth in it’s population over the last five years.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $-231 less than the median monthly home loan repayment in PADBURY, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PADBURY, 6025 should have seen some difference. While the latest census median annual household figure income is now $82,316, it was $58,905 back in 2006, which is a net increase of $23,410 Subtract from that the median mortgage repayment increase of $9,468 and a mortgage broker’s clients could be up to $13,942 better off each year even without factoring in mortgage rate cuts.