If you were to buy a house locally at the current median price of $1,120,000 and had 10% deposit, then you would need a mortgage for $1,008,000. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 8010.00 This means that STRATHMORE, 3041’s growth of 334 people is well above the mean for the country as a whole.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-573 less than the median monthly home loan repayment in STRATHMORE, VIC.
The local median household income has increased by $506 which is a theoretical $25,480 available for a STRATHMORE mortgage broker to find a home loan.