MENTONE is one of the most expensive suburbs in VIC. Median home prices are $902,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $811,800 home loan.
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.
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.