If you were to buy a house locally at the current median price of $655,000 and had 10% deposit, then you would need a mortgage for $589,500. This is quite a large mortgage compared to state.
KALORAMA, 3766 is number 3367th in a list of the country’s fastest growing suburbs, and number 586th in State. It has had an average population growth of 10.40 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-344 less than the median monthly home loan repayment in KALORAMA, VIC.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, KALORAMA VIC would be 4680th with 27.38.