If you were to buy a house locally at the current median price of $1,235,000 and had 10% deposit, then you would need a mortgage for $1,111,500. This is a very large mortgage compared to state.
Across the whole country SHENTON PARK,6008 is number 1520th fastest growing suburb by population growth, and 174th in State. Its population grew by 155 people over the last five years.
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.