Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MENTONE, 3194 is already $899,500, which makes it the number 120th in VIC on a list ordered by most expensive. Make sure that you get good MENTONE mortgage broker to look for the best deal.
Between 2005 and 2011 the population of MENTONE, 3194 grew an average of 85.80 people each year. This figure of 2313.40% per annum means MENTONE is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $600 more every month. As a percentage rise, this makes MENTONE, 3194 the number 1453th 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 MENTONE, 3194 have increased by $280. In the same period median mortgage loan repayments have increased by $600.