Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then ALBION is number 1651th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ALBION, 3020.
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.
The local median household income has increased by $171 which is a theoretical $22,568 available for a ALBION mortgage broker to find a home loan.