If you were to buy a house locally at the current median price of $939,900 and had 10% deposit, then you would need a mortgage for $845,910. 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.
MITCHAM, 3132 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 $1,348 to $1,896.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, MITCHAM VIC would be 3608th with 30.73.