If you’re looking to buy in ALBION then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $675,000 over the last year.
ALBION 3020 has seen a high level of growth in it’s population over the last five years.
ALBION 3020 homeowners are paying around 40.07% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 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.