CHELSEA is one of the more expensive suburbs in VIC. Median home prices are $829,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $746,100 home loan.
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.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-456 less than the median monthly home loan repayment in CHELSEA, VIC.
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.