If you were to buy a house locally at the current median price of $520,000 and had 10% deposit, then you would need a mortgage for $468,000. This is quite a large mortgage compared to state.
Australia’s total population growth over the last five years has been 14716.00 This means that VICTORIA POINT, 4165’s growth of 1063 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $615 more every month. As a percentage rise, this makes VICTORIA POINT, 4165 the number 1843th 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 local median household income has increased by $175 which is a theoretical $31,980 available for a VICTORIA POINT mortgage broker to find a home loan.