If you were to buy a house locally at the current median price of $994,050 and had 10% deposit, then you would need a mortgage for $894,645. This is a very large mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, PADDINGTON, 4064 figure of 361 represents a 7886.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,557 which is $757 more every month. As a percentage rise, this makes PADDINGTON, 4064 the number 340th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, PADDINGTON QLD would be 4346th with 28.45.