If you were to buy a house locally at the current median price of $437,500 and had 10% deposit, then you would need a mortgage for $393,750. This is a very large mortgage compared to state.
TAS has seen an average of 1298.16% rowth over the last 5 years. This means that with well above the state figure, SOUTH HOBART, 7004 figure of 146 represents a 4977.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,400 which is $360 more every month. As a percentage rise, this makes SOUTH HOBART, 7004 the number 4287th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in SOUTH HOBART, 7004 have increased by $250. In the same period median mortgage loan repayments have increased by $360.