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 quite a large mortgage compared to state.
TAS has seen an average of 1298.16% rowth over the last 5 years. This means that with well above the state figure, EAST LAUNCESTON, 7250 figure of -6 represents a 2139.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,500 which is $417 more every month. As a percentage rise, this makes EAST LAUNCESTON, 7250 the number 3916th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $298 which is a theoretical $21,684 available for a EAST LAUNCESTON mortgage broker to find a home loan.