If you were to buy a house locally at the current median price of $1,045,000 and had 10% deposit, then you would need a mortgage for $940,500. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of DONVALE, 3111 grew an average of 25.40 people each year. This figure of 2338.80% per annum means DONVALE is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,123 which is $523 more every month. As a percentage rise, this makes DONVALE, 3111 the number 1229th 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, DONVALE would be 1242th.