Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ALTONA MEADOWS, 3028 is already $550,000, which makes it the number 334th in VIC on a list ordered by most expensive. Make sure that you get good ALTONA MEADOWS mortgage broker to look for the best deal.
ALTONA MEADOWS 3028 has seen considerable shrinkage in it’s population over the last five years.
Mortgage brokers in ALTONA MEADOWS, 3028 have seen that the median mortgage loan repayment has decreased slightly between the last two census periods, changing from $1,184 to $1,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALTONA MEADOWS, 3028 should have seen some difference. While the latest census median annual household figure income is now $63,804, it was $54,308 back in 2006, which is a net increase of $9,495 Subtract from that the median mortgage repayment increase of $3,786 and a mortgage broker’s clients could be up to $5,709 better off each year even without factoring in mortgage rate cuts.