CAULFIELD is one of the most expensive suburbs in VIC. Median home prices are $1,775,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,597,500 home loan.
CAULFIELD 3162 has seen steady growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $367 more every month. As a percentage rise, this makes CAULFIELD, 3162 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $285 which is a theoretical $19,084 available for a CAULFIELD mortgage broker to find a home loan.