If you were to buy a house locally at the current median price of $810,000 and had 10% deposit, then you would need a mortgage for $729,000. This is a very large mortgage compared to state.
Across the whole country PARAP,0820 is number 2706th fastest growing suburb by population growth, and 29th in State. Its population grew by 174 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,383 which is $975 more every month. As a percentage rise, this makes PARAP, 0820 the number 555th 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 PARAP, NT is 26.41% of the median household income.