If you were to buy a house locally at the current median price of $1,500,000 and had 10% deposit, then you would need a mortgage for $1,350,000. This is a very large mortgage compared to state.
ELSTERNWICK, 3185 is number 503th in a list of the country’s fastest growing suburbs, and number 175th in State. It has had an average population growth of 97.40 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ELSTERNWICK, 3185 rank at number 404th in State or 3027th nationally when listed in order of median monthly mortgage payment.
The median mortgage repayment in ELSTERNWICK, VIC is 31.89% of the median household income.