If you were to buy a house locally at the current median price of $860,000 and had 10% deposit, then you would need a mortgage for $774,000. This is a very large mortgage compared to state.
Across the whole country ASHGROVE,4060 is number 285th fastest growing suburb by population growth, and 53th in State. Its population grew by 1468 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,340 which is $640 more every month. As a percentage rise, this makes ASHGROVE, 4060 the number 617th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in ASHGROVE, 4060 have increased by $640. In the same period median mortgage loan repayments have increased by $640.