If you were to buy a house locally at the current median price of $965,000 and had 10% deposit, then you would need a mortgage for $868,500. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 1887.00 This means that MILTON, 4064’s growth of 255 people is about the same as 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 $2,400 which is $787 more every month. As a percentage rise, this makes MILTON, 4064 the number 504th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $600 which is a theoretical $40,950 available for a MILTON mortgage broker to find a home loan.