If you were to buy a house locally at the current median price of $505,000 and had 10% deposit, then you would need a mortgage for $454,500. This is quite a large mortgage compared to state.
ALBANY, 6330 is number 3097th in a list of the country’s fastest growing suburbs, and number 343th in State. It has had an average population growth of 65.80 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,450 which is $367 more every month. As a percentage rise, this makes ALBANY, 6330 the number 4136th 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 $37 which is a theoretical $19,084 available for a ALBANY mortgage broker to find a home loan.