MCCRAE is one of the more expensive suburbs in VIC. Median home prices are $673,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $605,700 home loan.
MCCRAE, 3938 is number 2345th in a list of the country’s fastest growing suburbs, and number 445th in State. It has had an average population growth of 33.60 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-148 less than the median monthly home loan repayment in MCCRAE, VIC.
The local median household income has increased by $176 which is a theoretical $20,826 available for a MCCRAE mortgage broker to find a home loan.