If you were to buy a house locally at the current median price of $420,000 and had 10% deposit, then you would need a mortgage for $378,000. This is an average sized mortgage compared to state.
Between 2005 and 2011 the population of CRANBOURNE, 3977 grew an average of 774.00 people each year. This figure of 3704.20% per annum means CRANBOURNE is one of the fastest growing suburbs in VIC.
CRANBOURNE, 3977 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 $1,083 to $1,567.
The median mortgage repayment in CRANBOURNE, VIC is 33.80% of the median household income.