Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MITCHAM, 3132 is already $948,000, which makes it the number 126th in VIC on a list ordered by most expensive. Make sure that you get good MITCHAM mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, MITCHAM, 3132 figure of 593 represents a 14712.00% change.
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.