If you were to buy a house locally at the current median price of $1,622,500 and had 10% deposit, then you would need a mortgage for $1,460,250. 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.
Mortgage brokers in ELSTERNWICK, 3185 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,700 to $2,167.
The median mortgage repayment in ELSTERNWICK, VIC is 31.89% of the median household income.