No matter where in WA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in RIDGEWOOD , 6030 is $392,500 this month which means that a mortgage for 80% of that value would be $314,000.
The average suburb population growth in WA has been 2893.52% since 2006, so the 3907.00% population change in RIDGEWOOD 6030 is above average.
Mortgage brokers in RIDGEWOOD, 6030 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,270 to $2,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RIDGEWOOD, 6030 should have seen some difference. While the latest census median annual household figure income is now $68,796, it was $50,559 back in 2006, which is a net increase of $18,236 Subtract from that the median mortgage repayment increase of $12,360 and a mortgage broker’s clients could be up to $5,876 better off each year even without factoring in mortgage rate cuts.