Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PALMYRA, 6157 is already $600,000, which makes it the number 117th in WA on a list ordered by most expensive. Make sure that you get good PALMYRA mortgage broker to look for the best deal.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with well above the state figure, PALMYRA, 6157 figure of 362 represents a 6509.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $700 more every month. As a percentage rise, this makes PALMYRA, 6157 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PALMYRA, 6157 should have seen some difference. While the latest census median annual household figure income is now $67,808, it was $47,262 back in 2006, which is a net increase of $20,545 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $12,145 better off each year even without factoring in mortgage rate cuts.