Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then ST ALBANS PARK is number 3331th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ST ALBANS PARK, 3219.
ST ALBANS PARK 3219 has seen steady growth in it’s population over the last five years.
ST ALBANS PARK 3219 homeowners are paying around 33.21% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less 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 ST ALBANS PARK, 3219 should have seen some difference. While the latest census median annual household figure income is now $55,328, it was $51,157 back in 2006, which is a net increase of $4,170 Subtract from that the median mortgage repayment increase of $4,488 and a mortgage broker’s clients could be up to $-317 better off each year even without factoring in mortgage rate cuts.