If you were to buy a house locally at the current median price of $1,684,500 and had 10% deposit, then you would need a mortgage for $1,516,050. This is a very large mortgage compared to state.
MCKINNON, 3204 is number 1167th in a list of the country’s fastest growing suburbs, and number 300th in State. It has had an average population growth of 75.00 over the period between the last two national censuses.
MCKINNON 3204 homeowners are paying around 26.50% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of VIC which is 35.71%.
The local median household income has increased by $446 which is a theoretical $22,048 available for a MCKINNON mortgage broker to find a home loan.