ALBANY is one of the averagely priced suburbs in WA. Median home prices are $476,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $428,400 home loan.
Across the whole country ALBANY,6330 is number 3097th fastest growing suburb by population growth, and 343th in State. Its population grew by 329 people over the last five years.
In WA the median mortgage repayment has increased from $1,121 to $1,676 which is $226 more than the median monthly home loan repayment in ALBANY, WA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALBANY, 6330 should have seen some difference. While the latest census median annual household figure income is now $55,224, it was $53,268 back in 2006, which is a net increase of $1,955 Subtract from that the median mortgage repayment increase of $4,404 and a mortgage broker’s clients could be up to $-2,448 better off each year even without factoring in mortgage rate cuts.