House prices in ALTONA NORTH have seen quite a lot of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of ALTONA NORTH, 3025 grew an average of 98.00 people each year. This figure of 2255.60% per annum means ALTONA NORTH is one of the fastest growing suburbs in VIC.
ALTONA NORTH 3025 homeowners are paying around 53.85% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than 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 ALTONA NORTH, 3025 should have seen some difference. While the latest census median annual household figure income is now $47,320, it was $35,817 back in 2006, which is a net increase of $11,502 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $3,102 better off each year even without factoring in mortgage rate cuts.