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 ESSENDON , 3040 is $1,320,000 this month which means that a mortgage for 80% of that value would be $1,056,000.
Australia’s total population growth over the last five years has been 18752.00 This means that ESSENDON, 3040’s growth of 640 people is well above the mean for the country as a whole.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-690 less than the median monthly home loan repayment in ESSENDON, VIC.
The local median household income has increased by $395 which is a theoretical $32,630 available for a ESSENDON mortgage broker to find a home loan.