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 is number 2071th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ST ALBANS, 3021.
Between 2005 and 2011 the population of ST ALBANS, 3021 grew an average of 315.80 people each year. This figure of 6998.20% per annum means ST ALBANS is one of the fastest growing suburbs in VIC.
Mortgage payments in ST ALBANS , 3021 have increased by $400 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ST ALBANS, 3021 should have seen some difference. While the latest census median annual household figure income is now $44,980, it was $34,788 back in 2006, which is a net increase of $10,192 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $5,392 better off each year even without factoring in mortgage rate cuts.