If you were to buy a house locally at the current median price of $942,500 and had 10% deposit, then you would need a mortgage for $848,250. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of BARWON HEADS, 3227 grew an average of 108.40 people each year. This figure of 687.00% per annum means BARWON HEADS is one of the more rapidly growing suburbs in VIC.
BARWON HEADS, 3227 has seen a average 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 $1,200 to $1,733.
The local median household income has increased by $386 which is a theoretical $27,716 available for a BARWON HEADS mortgage broker to find a home loan.