If you were to buy a house locally at the current median price of $1,665,000 and had 10% deposit, then you would need a mortgage for $1,498,500. This is a very large mortgage compared to state.
MCKINNON 3204 has seen steady growth in it’s population over the last five years.
MCKINNON, 3204 has seen a large 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 $1,600 to $2,024.
Mortgage brokers in MCKINNON, 3204 have clients whose median home loan repayment amounts in the latest census each month are $1,787 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 69th.