Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then SCARBOROUGH is number 1077th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SCARBOROUGH, 6019.
Across the whole country SCARBOROUGH,6019 is number 220th fastest growing suburb by population growth, and 11th in State. Its population grew by 1680 people over the last five years.
SCARBOROUGH 6019 homeowners are paying around 54.79% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than 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 SCARBOROUGH, 6019 should have seen some difference. While the latest census median annual household figure income is now $81,432, it was $55,962 back in 2006, which is a net increase of $25,469 Subtract from that the median mortgage repayment increase of $9,204 and a mortgage broker’s clients could be up to $16,265 better off each year even without factoring in mortgage rate cuts.