If you were to buy a house locally at the current median price of $1,485,000 and had 10% deposit, then you would need a mortgage for $1,336,500. This is a very large mortgage compared to state.
Across the whole country CAULFIELD SOUTH,3162 is number 370th fastest growing suburb by population growth, and 143th in State. Its population grew by 159 people over the last five years.
CAULFIELD SOUTH, 3162 has seen a substantial 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 $1,733 to $2,383.
Mortgage brokers in CAULFIELD SOUTH, 3162 have clients whose median home loan repayment amounts in the latest census each month are $1,641 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 122th.