PORTLAND is one of the least expensive suburbs in VIC. Median home prices are $220,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $198,000 home loan.
PORTLAND, 3305 is number 523th in a list of the country’s fastest growing suburbs, and number 183th in State. It has had an average population growth of 48.20 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,200 which is $301 more every month. As a percentage rise, this makes PORTLAND, 3305 the number 5097th 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, PORTLAND VIC would be 3563th with 30.84.