Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CHELTENHAM, 3192 is already $938,000, which makes it the number 125th in VIC on a list ordered by most expensive. Make sure that you get good CHELTENHAM mortgage broker to look for the best deal.
Across the whole country CHELTENHAM,3192 is number 96th fastest growing suburb by population growth, and 52th in State. Its population grew by 770 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $550 more every month. As a percentage rise, this makes CHELTENHAM, 3192 the number 1843th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, CHELTENHAM VIC would be 1893th with 36.47.