If you were to buy a house locally at the current median price of $920,000 and had 10% deposit, then you would need a mortgage for $828,000. This is a very large mortgage compared to state.
Across the whole country LOWER PLENTY,3093 is number 1720th fastest growing suburb by population growth, and 377th in State. Its population grew by -156 people over the last five years.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-523 less than the median monthly home loan repayment in LOWER PLENTY, VIC.
Weekly gross incomes in LOWER PLENTY, 3093 have increased by $282. In the same period median mortgage loan repayments have increased by $483.