If you were to buy a house locally at the current median price of $2,093,000 and had 10% deposit, then you would need a mortgage for $1,883,700. This is a very large mortgage compared to state.
HAWTHORN, 3122 is number 81th in a list of the country’s fastest growing suburbs, and number 44th in State. It has had an average population growth of 279.20 over the period between the last two national censuses.
HAWTHORN, 3122 has seen a substantial 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 $1,842 to $2,193.
The median mortgage repayment in HAWTHORN, VIC is 31.09% of the median household income.