If you were to buy a house locally at the current median price of $2,115,500 and had 10% deposit, then you would need a mortgage for $1,903,950. This is a very large mortgage compared to state.
BALWYN, 3103 is number 283th in a list of the country’s fastest growing suburbs, and number 121th in State. It has had an average population growth of -473.80 over the period between the last two national censuses.
Mortgage brokers in BALWYN, 3103 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,800 to $2,174.
Mortgage brokers in BALWYN, 3103 have clients whose median home loan repayment amounts in the latest census each month are $1,513 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 191th.