If you were to buy a house locally at the current median price of $2,132,500 and had 10% deposit, then you would need a mortgage for $1,919,250. This is a very large mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 12843.00% population change in BALWYN 3103 is well above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BALWYN, 3103 rank at number 650th in State or 4149th nationally when listed in order of median monthly mortgage payment.
Weekly gross incomes in BALWYN, 3103 have increased by $192. In the same period median mortgage loan repayments have increased by $374.