If you were to buy a house locally at the current median price of $750,500 and had 10% deposit, then you would need a mortgage for $675,450. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of BONBEACH, 3196 grew an average of 147.60 people each year. This figure of 1126.60% per annum means BONBEACH is one of the more rapidly growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,816 which is $516 more every month. As a percentage rise, this makes BONBEACH, 3196 the number 2365th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The median mortgage repayment in BONBEACH, VIC is 36.70% of the median household income.