Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in FRANKSTON SOUTH, 3199 is already $650,000, which makes it the number 218th in VIC on a list ordered by most expensive. Make sure that you get good FRANKSTON SOUTH mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 17512.00 This means that FRANKSTON SOUTH, 3199’s growth of 252 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $425 more every month. As a percentage rise, this makes FRANKSTON SOUTH, 3199 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The median mortgage repayment in FRANKSTON SOUTH, VIC is 30.28% of the median household income.