If you were to buy a house locally at the current median price of $1,100,000 and had 10% deposit, then you would need a mortgage for $990,000. This is a very large mortgage compared to state.
Across the whole country BURWOOD EAST,3151 is number 470th fastest growing suburb by population growth, and 167th in State. Its population grew by 130 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,822 which is $422 more every month. As a percentage rise, this makes BURWOOD EAST, 3151 the number 2338th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in BURWOOD EAST, 3151 have increased by $124. In the same period median mortgage loan repayments have increased by $422.