Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then FRANKSTON SOUTH is number 1196th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service FRANKSTON SOUTH, 3199.
Between 2005 and 2011 the population of FRANKSTON SOUTH, 3199 grew an average of 50.40 people each year. This figure of 3502.40% per annum means FRANKSTON SOUTH is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $425 more every month. As a percentage rise, this makes FRANKSTON SOUTH, 3199 the number 2379th 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 FRANKSTON SOUTH, VIC is 30.28% of the median household income.