If you were to buy a house locally at the current median price of $520,000 and had 10% deposit, then you would need a mortgage for $468,000. This is quite a large mortgage compared to state.
Across the whole country WURTULLA,4575 is number 1159th fastest growing suburb by population growth, and 270th in State. Its population grew by 5586 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,846 which is $1,846 more every month. As a percentage rise, this makes WURTULLA, 4575 the number 6469th 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 WURTULLA, 4575 should have seen some difference. While the latest census median annual household figure income is now $53,456, it was $0 back in 2006, which is a net increase of $53,456 Subtract from that the median mortgage repayment increase of $22,152 and a mortgage broker’s clients could be up to $31,304 better off each year even without factoring in mortgage rate cuts.