If you were to buy a house locally at the current median price of $635,000 and had 10% deposit, then you would need a mortgage for $571,500. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of ALBION, 3020 grew an average of 114.60 people each year. This figure of 847.20% per annum means ALBION is one of the more rapidly growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $434 more every month. As a percentage rise, this makes ALBION, 3020 the number 3635th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
On a national list of suburbs ranked by median mortgage repayments, ALBION would be 3663th.