FRANKSTON SOUTH is one of the more expensive suburbs in VIC. Median home prices are $770,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $693,000 home loan.
FRANKSTON SOUTH, 3199 is number 133th in a list of the country’s fastest growing suburbs, and number 70th in State. It has had an average population growth of 50.40 over the period between the last two national censuses.
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.
On a national list of suburbs ranked by median mortgage repayments, FRANKSTON SOUTH would be 2405th.