WATERFORD is one of the most expensive suburbs in WA. Median home prices are $912,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $821,250 home loan.
With a net change of 31 people, WATERFORD 6152 has has shrunk 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 $2,000 which is $267 more every month. As a percentage rise, this makes WATERFORD, 6152 the number 1453th 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 WATERFORD, 6152 should have seen some difference. While the latest census median annual household figure income is now $100,568, it was $80,043 back in 2006, which is a net increase of $20,524 Subtract from that the median mortgage repayment increase of $3,204 and a mortgage broker’s clients could be up to $17,320 better off each year even without factoring in mortgage rate cuts.