Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SPEARWOOD, 6163 is already $488,750, which makes it the number 200th in WA on a list ordered by most expensive. Make sure that you get good SPEARWOOD mortgage broker to look for the best deal.
Between 2005 and 2011 the population of SPEARWOOD, 6163 grew an average of 31.40 people each year. This figure of 1799.40% per annum means SPEARWOOD is one of the fastest growing suburbs in WA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,700 which is $600 more every month. As a percentage rise, this makes SPEARWOOD, 6163 the number 3034th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $178 which is a theoretical $31,200 available for a SPEARWOOD mortgage broker to find a home loan.