If you were to buy a house locally at the current median price of $550,000 and had 10% deposit, then you would need a mortgage for $495,000. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of ROLEYSTONE, 6111 grew an average of 245.40 people each year. This figure of 1244.00% per annum means ROLEYSTONE is one of the fastest growing suburbs in WA.
ROLEYSTONE, 6111 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,280 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ROLEYSTONE, 6111 should have seen some difference. While the latest census median annual household figure income is now $94,172, it was $70,470 back in 2006, which is a net increase of $23,701 Subtract from that the median mortgage repayment increase of $8,640 and a mortgage broker’s clients could be up to $15,061 better off each year even without factoring in mortgage rate cuts.