If you were to buy a house locally at the current median price of $1,057,000 and had 10% deposit, then you would need a mortgage for $951,300. This is a very large mortgage compared to state.
COLLINGWOOD 3066 has seen a high level of 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 $467 more every month. As a percentage rise, this makes COLLINGWOOD, 3066 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.
On a national list of suburbs ranked by median mortgage repayments, COLLINGWOOD would be 858th.