If you were to buy a house locally at the current median price of $587,500 and had 10% deposit, then you would need a mortgage for $528,750. This is a very large mortgage compared to state.
HOBART 7000 has seen steady growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $364 more every month. As a percentage rise, this makes HOBART, 7000 the number 2627th 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, HOBART TAS would be 1919th with 36.39.