Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NORTHCOTE, 3070 is already $1,200,000, which makes it the number 82th in VIC on a list ordered by most expensive. Make sure that you get good NORTHCOTE mortgage broker to look for the best deal.
Across the whole country NORTHCOTE,3070 is number 61th fastest growing suburb by population growth, and 37th in State. Its population grew by 859 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,013 which is $496 more every month. As a percentage rise, this makes NORTHCOTE, 3070 the number 1442th 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 median mortgage repayment in NORTHCOTE, VIC is 29.70% of the median household income.