If you were to buy a house locally at the current median price of $2,125,000 and had 10% deposit, then you would need a mortgage for $1,912,500. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 8660.00 This means that ARMADALE, 3143’s growth of 293 people is well above the mean for the country as a whole.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,023 less than the median monthly home loan repayment in ARMADALE, VIC.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, ARMADALE VIC would be 2626th with 33.70.