SOUTH MELBOURNE is one of the most expensive suburbs in VIC. Median home prices are $1,347,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,212,750 home loan.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 9217.00% population change in SOUTH MELBOURNE 3205 is well above average.
Mortgage brokers in SOUTH MELBOURNE, 3205 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,993 to $2,500.
The median mortgage repayment in SOUTH MELBOURNE, VIC is 34.59% of the median household income.