ORMOND is one of the most expensive suburbs in VIC. Median home prices are $1,550,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,395,000 home loan.
Australia’s total population growth over the last five years has been 7610.00 This means that ORMOND, 3204’s growth of 558 people is well above 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 $2,000 which is $483 more every month. As a percentage rise, this makes ORMOND, 3204 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.
The median mortgage repayment in ORMOND, VIC is 32.14% of the median household income.