If you were to buy a house locally at the current median price of $1,650,000 and had 10% deposit, then you would need a mortgage for $1,485,000. This is a very large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, MCKINNON, 3204 figure of 375 represents a 5454.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,024 which is $424 more every month. As a percentage rise, this makes MCKINNON, 3204 the number 1427th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Mortgage brokers in MCKINNON, 3204 have clients whose median home loan repayment amounts in the latest census each month are $1,787 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 69th.