ALBERT PARK is one of the most expensive suburbs in VIC. Median home prices are $1,827,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,644,750 home loan.
ALBERT PARK 3206 has seen not much change in it’s population over the last five years.
With a median housing loan repayment of $3,000 a month, ALBERT PARK , 3206 mortgage brokers are seeing mortgage holders paying $720 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 ALBERT PARK, 3206 should have seen some difference. While the latest census median annual household figure income is now $103,012, it was $84,203 back in 2006, which is a net increase of $18,808 Subtract from that the median mortgage repayment increase of $8,640 and a mortgage broker’s clients could be up to $10,168 better off each year even without factoring in mortgage rate cuts.