If you were to buy a house locally at the current median price of $767,000 and had 10% deposit, then you would need a mortgage for $690,300. This is quite a large mortgage compared to state.
With a net change of 1369 people, MULGRAVE 3170 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 $1,950 which is $650 more every month. As a percentage rise, this makes MULGRAVE, 3170 the number 1843th 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 $248 which is a theoretical $33,800 available for a MULGRAVE mortgage broker to find a home loan.