CHELSEA is one of the more expensive suburbs in VIC. Median home prices are $895,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $805,500 home loan.
Across the whole country CHELSEA,3196 is number 824th fastest growing suburb by population growth, and 242th in State. Its population grew by 529 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,933 which is $633 more every month. As a percentage rise, this makes CHELSEA, 3196 the number 2042th 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 CHELSEA, 3196 have increased by $305. In the same period median mortgage loan repayments have increased by $633.