Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ST ALBANS, 3021 is already $600,000, which makes it the number 321th in VIC on a list ordered by most expensive. Make sure that you get good ST ALBANS mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, ST ALBANS, 3021 figure of 1579 represents a 34991.00% change.
ST ALBANS 3021 homeowners are paying around 40.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 ST ALBANS, 3021 should have seen some difference. While the latest census median annual household figure income is now $44,980, it was $34,788 back in 2006, which is a net increase of $10,192 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $5,392 better off each year even without factoring in mortgage rate cuts.