Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SAFETY BAY, 6169 is already $410,000, which makes it the number 270th in WA on a list ordered by most expensive. Make sure that you get good SAFETY BAY mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 7295.00 This means that SAFETY BAY, 6169’s growth of 92 people is well above the mean for the country as a whole.
SAFETY BAY 6169 homeowners are paying around 40.07% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of WA which is 53.23%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SAFETY BAY, 6169 should have seen some difference. While the latest census median annual household figure income is now $61,828, it was $49,883 back in 2006, which is a net increase of $11,944 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $6,736 better off each year even without factoring in mortgage rate cuts.