If you were to buy a house locally at the current median price of $527,500 and had 10% deposit, then you would need a mortgage for $474,750. This is quite a large mortgage compared to state.
With a net change of 762 people, TUART HILL 6060 has grown considerably when compared to other suburbs in WA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,928 which is $728 more every month. As a percentage rise, this makes TUART HILL, 6060 the number 2045th 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 TUART HILL, 6060 should have seen some difference. While the latest census median annual household figure income is now $60,008, it was $42,790 back in 2006, which is a net increase of $17,217 Subtract from that the median mortgage repayment increase of $8,736 and a mortgage broker’s clients could be up to $8,481 better off each year even without factoring in mortgage rate cuts.