If you were to buy a house locally at the current median price of $1,570,000 and had 10% deposit, then you would need a mortgage for $1,413,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of MONT ALBERT NORTH, 3129 grew an average of 15.40 people each year. This figure of 997.20% per annum means MONT ALBERT NORTH is one of the more rapidly growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-523 less than the median monthly home loan repayment in MONT ALBERT NORTH, VIC.
Weekly gross incomes in MONT ALBERT NORTH, 3129 have increased by $351. In the same period median mortgage loan repayments have increased by $437.