Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ALTONA NORTH, 3025 is already $670,000, which makes it the number 210th in VIC on a list ordered by most expensive. Make sure that you get good ALTONA NORTH mortgage broker to look for the best deal.
Across the whole country ALTONA NORTH,3025 is number 363th fastest growing suburb by population growth, and 141th in State. Its population grew by 490 people over the last five years.
ALTONA NORTH 3025 homeowners are paying around 53.85% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALTONA NORTH, 3025 should have seen some difference. While the latest census median annual household figure income is now $47,320, it was $35,817 back in 2006, which is a net increase of $11,502 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $3,102 better off each year even without factoring in mortgage rate cuts.