EAST MELBOURNE is one of the most expensive suburbs in VIC. Median home prices are $1,985,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,786,500 home loan.
Across the whole country EAST MELBOURNE,3002 is number 1407th fastest growing suburb by population growth, and 338th in State. Its population grew by 384 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,383 which is $433 more every month. As a percentage rise, this makes EAST MELBOURNE, 3002 the number 555th 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, EAST MELBOURNE VIC would be 4593th with 27.65.