If you were to buy a house locally at the current median price of $597,000 and had 10% deposit, then you would need a mortgage for $537,300. This is an average sized mortgage compared to state.
Between 2005 and 2011 the population of MILL PARK, 3082 grew an average of -224.60 people each year. This figure of 6083.40% per annum means MILL PARK is one of the fastest growing suburbs in VIC.
MILL PARK, 3082 has seen a average 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 $1,200 to $1,600.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, MILL PARK VIC would be 4814th with 27.01.