If you were to buy a house locally at the current median price of $917,500 and had 10% deposit, then you would need a mortgage for $825,750. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 11567.00 This means that MENTONE, 3194’s growth of 429 people is well above the mean for the country as a whole.
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.
Mortgage brokers in MENTONE, 3194 have clients whose median home loan repayment amounts in the latest census each month are $1,288 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 409th.