If you were to buy a house locally at the current median price of $1,976,000 and had 10% deposit, then you would need a mortgage for $1,778,400. This is a very large mortgage compared to state.
HAWTHORN, 3122 is number 81th in a list of the country’s fastest growing suburbs, and number 44th in State. It has had an average population growth of 279.20 over the period between the last two national censuses.
Mortgage brokers in HAWTHORN, 3122 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,842 to $2,193.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, HAWTHORN VIC would be 3497th with 31.09.