If you were to buy a house locally at the current median price of $1,503,000 and had 10% deposit, then you would need a mortgage for $1,352,700. This is a very large mortgage compared to state.
BOX HILL, 3128 is number 515th in a list of the country’s fastest growing suburbs, and number 180th in State. It has had an average population growth of 210.60 over the period between the last two national censuses.
BOX HILL 3128 homeowners are paying around 33.33% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
The median mortgage repayment in BOX HILL, VIC is 45.12% of the median household income.