If you were to buy a house locally at the current median price of $960,000 and had 10% deposit, then you would need a mortgage for $864,000. This is a very large mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 14712.00% population change in MITCHAM 3132 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,896 which is $548 more every month. As a percentage rise, this makes MITCHAM, 3132 the number 2155th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The median mortgage repayment in MITCHAM, VIC is 30.73% of the median household income.