SUBIACO is one of the most expensive suburbs in WA. Median home prices are $1,090,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $981,000 home loan.
With a net change of 386 people, SUBIACO 6008 has grown when compared to other suburbs in WA.
Mortgage brokers in SUBIACO, 6008 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,900 to $2,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SUBIACO, 6008 should have seen some difference. While the latest census median annual household figure income is now $102,336, it was $78,098 back in 2006, which is a net increase of $24,237 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $19,437 better off each year even without factoring in mortgage rate cuts.