If you were to buy a house locally at the current median price of $400,000 and had 10% deposit, then you would need a mortgage for $360,000. This is an average sized mortgage compared to state.
Between 2005 and 2011 the population of BELMONT, 3216 grew an average of -5.80 people each year. This figure of 2703.20% per annum means BELMONT is one of the fastest growing suburbs in VIC.
BELMONT, 3216 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,083 to $1,517.
On a national list of suburbs ranked by median mortgage repayments, BELMONT would be 3663th.