Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in EAST MELBOURNE, 3002 is already $3,737,500, which makes it the number 2nd in VIC on a list ordered by most expensive. Make sure that you get good EAST MELBOURNE mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, EAST MELBOURNE, 3002 figure of 384 represents a 4614.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,383 which is $433 more every month. As a percentage rise, this makes EAST MELBOURNE, 3002 the number 555th 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 median mortgage repayment in EAST MELBOURNE, VIC is 27.65% of the median household income.