No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in EAST MELBOURNE , 3002 is $3,902,500 this month which means that a mortgage for 80% of that value would be $3,122,000.
Between 2005 and 2011 the population of EAST MELBOURNE, 3002 grew an average of 76.80 people each year. This figure of 922.80% per annum means EAST MELBOURNE is one of the more rapidly growing suburbs in VIC.
Mortgage brokers in EAST MELBOURNE, 3002 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,950 to $2,383.
Weekly gross incomes in EAST MELBOURNE, 3002 have increased by $392. In the same period median mortgage loan repayments have increased by $433.