If you were to buy a house locally at the current median price of $447,500 and had 10% deposit, then you would need a mortgage for $402,750. This is an average sized mortgage compared to state.
Between 2005 and 2011 the population of CARRUM DOWNS, 3201 grew an average of 381.60 people each year. This figure of 3804.40% per annum means CARRUM DOWNS is one of the fastest growing suburbs in VIC.
CARRUM DOWNS, 3201 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 $1,600.
On a national list of suburbs ranked by median mortgage repayments, CARRUM DOWNS would be 3401th.