If you were to buy a house locally at the current median price of $850,000 and had 10% deposit, then you would need a mortgage for $765,000. This is a very large mortgage compared to state.
Across the whole country PERTH,6000 is number 563th fastest growing suburb by population growth, and 49th in State. Its population grew by 2894 people over the last five years.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $-797 less than the median monthly home loan repayment in PERTH, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PERTH, 6000 should have seen some difference. While the latest census median annual household figure income is now $90,948, it was $55,733 back in 2006, which is a net increase of $35,214 Subtract from that the median mortgage repayment increase of $9,276 and a mortgage broker’s clients could be up to $25,938 better off each year even without factoring in mortgage rate cuts.