SHENTON PARK is one of the most expensive suburbs in WA. Median home prices are $1,237,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,113,750 home loan.
Australia’s total population growth over the last five years has been 4251.00 This means that SHENTON PARK, 6008’s growth of 155 people is considerably above the mean for the country as a whole.
SHENTON PARK 6008 homeowners are paying around 51.25% 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 SHENTON PARK, 6008 should have seen some difference. While the latest census median annual household figure income is now $97,188, it was $73,600 back in 2006, which is a net increase of $23,587 Subtract from that the median mortgage repayment increase of $10,572 and a mortgage broker’s clients could be up to $13,015 better off each year even without factoring in mortgage rate cuts.