If you were to buy a house locally at the current median price of $505,000 and had 10% deposit, then you would need a mortgage for $454,500. This is small than average mortgage compared to state.
Australia’s total population growth over the last five years has been 4833.00 This means that ALBURY, 2640’s growth of -85 people is considerably above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ALBURY, 2640 rank at number 483th in State or 2341th 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 ALBURY, 2640 should have seen some difference. While the latest census median annual household figure income is now $58,240, it was $48,609 back in 2006, which is a net increase of $9,630 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $3,234 better off each year even without factoring in mortgage rate cuts.