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 FRANKSTON SOUTH , 3199 is $752,500 this month which means that a mortgage for 80% of that value would be $602,000.
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.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in FRANKSTON SOUTH, 3199 rank at number 530th in State or 3663th nationally when listed in order of median monthly mortgage payment.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, FRANKSTON SOUTH VIC would be 3743th with 30.28.