House prices in SORRENTO have seen a high level of growth over the last year, which means it's more important than ever to get a good WA mortgage broker to help you choose the right home loan product.
Across the whole country SORRENTO,6020 is number 799th fastest growing suburb by population growth, and 91th in State. Its population grew by 24 people over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SORRENTO, 6020 rank at number 317th in State or 1319th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SORRENTO, 6020 should have seen some difference. While the latest census median annual household figure income is now $107,380, it was $82,295 back in 2006, which is a net increase of $25,084 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $17,284 better off each year even without factoring in mortgage rate cuts.