If you were to buy a house locally at the current median price of $665,000 and had 10% deposit, then you would need a mortgage for $598,500. This is a very large mortgage compared to state.
PARREARRA, 4575 is number 1518th in a list of the country’s fastest growing suburbs, and number 358th in State. It has had an average population growth of 215.40 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes PARREARRA, 4575 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in PARREARRA, 4575 have increased by $62. In the same period median mortgage loan repayments have increased by $434.