If you were to buy a house locally at the current median price of $553,500 and had 10% deposit, then you would need a mortgage for $498,150. This is quite a large mortgage compared to state.
Across the whole country WARWICK,6024 is number 1710th fastest growing suburb by population growth, and 203th in State. Its population grew by 20 people over the last five years.
Mortgage payments in WARWICK , 6024 have increased by $663 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WARWICK, 6024 should have seen some difference. While the latest census median annual household figure income is now $74,620, it was $60,200 back in 2006, which is a net increase of $14,419 Subtract from that the median mortgage repayment increase of $7,956 and a mortgage broker’s clients could be up to $6,463 better off each year even without factoring in mortgage rate cuts.