If you were to buy a house locally at the current median price of $757,000 and had 10% deposit, then you would need a mortgage for $681,300. This is quite a large mortgage compared to state.
With a net change of 580 people, MONTMORENCY 3094 has grown considerably when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,850 which is $550 more every month. As a percentage rise, this makes MONTMORENCY, 3094 the number 2244th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, MONTMORENCY VIC would be 4070th with 29.30.