EAST MELBOURNE is one of the most expensive suburbs in VIC. Median home prices are $1,975,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,777,500 home loan.
Between 2005 and 2011 the population of EAST MELBOURNE, 3002 grew an average of 76.80 people each year. This figure of 922.80% per annum means EAST MELBOURNE is one of the more rapidly growing suburbs in VIC.
EAST MELBOURNE, 3002 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 $1,950 to $2,383.
The local median household income has increased by $392 which is a theoretical $22,516 available for a EAST MELBOURNE mortgage broker to find a home loan.