MONTMORENCY is one of the more expensive suburbs in VIC. Median home prices are $820,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $738,000 home loan.
Across the whole country MONTMORENCY,3094 is number 616th fastest growing suburb by population growth, and 201th in State. Its population grew by 580 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,850 which is $550 more every month. As a percentage rise, this makes MONTMORENCY, 3094 the number 2244th 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 local median household income has increased by $293 which is a theoretical $28,600 available for a MONTMORENCY mortgage broker to find a home loan.