No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in TORQUAY , 3228 is $676,000 this month which means that a mortgage for 80% of that value would be $540,800.
With a net change of 3448 people, TORQUAY 3228 has grown considerably when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $824 more every month. As a percentage rise, this makes TORQUAY, 3228 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.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, TORQUAY VIC would be 2272th with 34.97.