Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ARARAT, 3377 is already $202,500, which makes it the number 693th in VIC on a list ordered by most expensive. Make sure that you get good ARARAT mortgage broker to look for the best deal.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 7976.00% population change in ARARAT 3377 is well above average.
ARARAT, 3377 has seen a very low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $780 to $1,000.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, ARARAT VIC would be 4781th with 27.12.