If you were to buy a house locally at the current median price of $580,000 and had 10% deposit, then you would need a mortgage for $522,000. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of ALBION, 3020 grew an average of 114.60 people each year. This figure of 847.20% per annum means ALBION is one of the more rapidly growing suburbs in VIC.
ALBION, 3020 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,083 to $1,517.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, ALBION VIC would be 980th with 41.14.