If you were to buy a house locally at the current median price of $1,550,000 and had 10% deposit, then you would need a mortgage for $1,395,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of BEAUMARIS, 3193 grew an average of 77.40 people each year. This figure of 2545.60% per annum means BEAUMARIS is one of the fastest growing suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BEAUMARIS, 3193 rank at number 173th in State or 1924th nationally when listed in order of median monthly mortgage payment.
The local median household income has increased by $392 which is a theoretical $30,316 available for a BEAUMARIS mortgage broker to find a home loan.