No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ALTONA , 3018 is $760,000 this month which means that a mortgage for 80% of that value would be $608,000.
Between 2005 and 2011 the population of ALTONA, 3018 grew an average of 46.80 people each year. This figure of 1963.60% per annum means ALTONA is one of the fastest growing suburbs in VIC.
Mortgage brokers in ALTONA, 3018 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,300 to $1,790.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALTONA, 3018 should have seen some difference. While the latest census median annual household figure income is now $59,072, it was $46,342 back in 2006, which is a net increase of $12,729 Subtract from that the median mortgage repayment increase of $5,880 and a mortgage broker’s clients could be up to $6,849 better off each year even without factoring in mortgage rate cuts.