No matter where in WA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in SUCCESS , 6164 is $524,000 this month which means that a mortgage for 80% of that value would be $419,200.
Between 2005 and 2011 the population of SUCCESS, 6164 grew an average of 730.80 people each year. This figure of 1681.80% per annum means SUCCESS 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 $2,200 which is $683 more every month. As a percentage rise, this makes SUCCESS, 6164 the number 767th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SUCCESS, 6164 should have seen some difference. While the latest census median annual household figure income is now $99,476, it was $69,550 back in 2006, which is a net increase of $29,926 Subtract from that the median mortgage repayment increase of $8,196 and a mortgage broker’s clients could be up to $21,730 better off each year even without factoring in mortgage rate cuts.