Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ST ALBANS, 3021 is already $535,000, which makes it the number 335th 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.
Across the whole country ST ALBANS,3021 is number 10th fastest growing suburb by population growth, and 6th in State. Its population grew by 1579 people over the last five years.
Mortgage payments in ST ALBANS , 3021 have increased by $400 over the 5-year census period.
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.