If you were to buy a house locally at the current median price of $503,125 and had 10% deposit, then you would need a mortgage for $452,813. This is an average sized mortgage compared to state.
Across the whole country ALTONA MEADOWS,3028 is number 126th fastest growing suburb by population growth, and 64th in State. Its population grew by -98 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,500 which is $315 more every month. As a percentage rise, this makes ALTONA MEADOWS, 3028 the number 3916th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $182 which is a theoretical $16,406 available for a ALTONA MEADOWS mortgage broker to find a home loan.