If you were to buy a house locally at the current median price of $280,000 and had 10% deposit, then you would need a mortgage for $252,000. This is relatively small mortgage compared to state.
With a net change of 476 people, LAKES ENTRANCE 3909 has grown considerably when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,300 which is $350 more every month. As a percentage rise, this makes LAKES ENTRANCE, 3909 the number 4574th 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, LAKES ENTRANCE VIC would be 718th with 43.23.