Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then VICTORIA PARK is number 1575th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service VICTORIA PARK, 6100.
WA has seen an average of 2893.52% rowth over the last 5 years. This means that with well above the state figure, VICTORIA PARK, 6100 figure of 1364 represents a 8439.00% change.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $-324 less than the median monthly home loan repayment in VICTORIA PARK, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in VICTORIA PARK, 6100 should have seen some difference. While the latest census median annual household figure income is now $74,204, it was $51,849 back in 2006, which is a net increase of $22,354 Subtract from that the median mortgage repayment increase of $7,566 and a mortgage broker’s clients could be up to $14,788 better off each year even without factoring in mortgage rate cuts.