If you were to buy a house locally at the current median price of $222,501 and had 10% deposit, then you would need a mortgage for $200,251. This is relatively small mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 9500.00% population change in PORTLAND 3305 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,200 which is $301 more every month. As a percentage rise, this makes PORTLAND, 3305 the number 5097th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Mortgage brokers in PORTLAND, 3305 have clients whose median home loan repayment amounts in the latest census each month are $898 This means that in a list ranking mortgage payments by amount in VIC their monthly home loan payments would place their suburb at number 878th.