If you were to buy a house locally at the current median price of $555,000 and had 10% deposit, then you would need a mortgage for $499,500. This is an average sized mortgage compared to state.
Across the whole country LALOR,3075 is number 102th fastest growing suburb by population growth, and 56th in State. Its population grew by 314 people over the last five years.
LALOR, 3075 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,083 to $1,574.
The local median household income has increased by $153 which is a theoretical $25,532 available for a LALOR mortgage broker to find a home loan.