If you were to buy a house locally at the current median price of $1,411,250 and had 10% deposit, then you would need a mortgage for $1,270,125. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of CLIFTON HILL, 3068 grew an average of 80.80 people each year. This figure of 1138.20% per annum means CLIFTON HILL is one of the more rapidly growing suburbs in VIC.
Mortgage brokers in CLIFTON HILL, 3068 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,760 to $2,167.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, CLIFTON HILL VIC would be 5234th with 25.57.