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 ALBION , 3020 is $651,250 this month which means that a mortgage for 80% of that value would be $521,000.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, ALBION, 3020 figure of 573 represents a 4236.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ALBION, 3020 rank at number 470th in State or 3328th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALBION, 3020 should have seen some difference. While the latest census median annual household figure income is now $44,252, it was $35,344 back in 2006, which is a net increase of $8,907 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $3,699 better off each year even without factoring in mortgage rate cuts.