If you were to buy a house locally at the current median price of $390,000 and had 10% deposit, then you would need a mortgage for $351,000. This is an average sized mortgage compared to state.
CARRUM DOWNS 3201 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,600 which is $400 more every month. As a percentage rise, this makes CARRUM DOWNS, 3201 the number 3373th 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 CARRUM DOWNS, 3201 have increased by $168. In the same period median mortgage loan repayments have increased by $400.