If you were to buy a house locally at the current median price of $371,500 and had 10% deposit, then you would need a mortgage for $334,350. This is small than average mortgage compared to state.
The average suburb population growth in WA has been 2893.52% since 2006, so the 11882.00% population change in WAIKIKI 6169 is well above average.
With a median housing loan repayment of $1,900 a month, WAIKIKI , 6169 mortgage brokers are seeing mortgage holders paying $724 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WAIKIKI, 6169 should have seen some difference. While the latest census median annual household figure income is now $71,240, it was $55,172 back in 2006, which is a net increase of $16,068 Subtract from that the median mortgage repayment increase of $8,688 and a mortgage broker’s clients could be up to $7,380 better off each year even without factoring in mortgage rate cuts.