If you were to buy a house locally at the current median price of $1,920,000 and had 10% deposit, then you would need a mortgage for $1,728,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of GLEN IRIS, 3146 grew an average of 335.80 people each year. This figure of 4969.60% per annum means GLEN IRIS is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-906 less than the median monthly home loan repayment in GLEN IRIS, VIC.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, GLEN IRIS VIC would be 4474th with 27.99.