Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MELTON SOUTH, 3338 is already $283,500, which makes it the number 594th in VIC on a list ordered by most expensive. Make sure that you get good MELTON SOUTH mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, MELTON SOUTH, 3338 figure of 117 represents a 8816.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,192 which is $292 more every month. As a percentage rise, this makes MELTON SOUTH, 3338 the number 5193th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in MELTON SOUTH, 3338 have increased by $86. In the same period median mortgage loan repayments have increased by $292.