If you were to buy a house locally at the current median price of $1,430,000 and had 10% deposit, then you would need a mortgage for $1,287,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of FAIRFIELD, 3078 grew an average of 205.60 people each year. This figure of 1169.20% per annum means FAIRFIELD is one of the more rapidly growing suburbs in VIC.
FAIRFIELD, 3078 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,500 to $2,000.
Mortgage brokers in FAIRFIELD, 3078 have clients whose median home loan repayment amounts in the latest census each month are $1,407 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 279th.