If you were to buy a house locally at the current median price of $825,000 and had 10% deposit, then you would need a mortgage for $742,500. This is quite a large mortgage compared to state.
CHELSEA, 3196 is number 824th in a list of the country’s fastest growing suburbs, and number 242th in State. It has had an average population growth of 105.80 over the period between the last two national censuses.
With a median housing loan repayment of $1,933 a month, CHELSEA , 3196 mortgage brokers are seeing mortgage holders paying $633 more than 2006.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, CHELSEA VIC would be 780th with 42.65.