If you were to buy a house locally at the current median price of $1,702,500 and had 10% deposit, then you would need a mortgage for $1,532,250. This is a very large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with pretty equal to the state figure, RIPPONLEA, 3185 figure of 98 represents a 1377.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes RIPPONLEA, 3185 the number 846th 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 RIPPONLEA, VIC is 37.60% of the median household income.