No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in PRESTON , 3072 is $886,000 this month which means that a mortgage for 80% of that value would be $708,800.
PRESTON 3072 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,863 which is $563 more every month. As a percentage rise, this makes PRESTON, 3072 the number 2199th 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 $275 which is a theoretical $29,276 available for a PRESTON mortgage broker to find a home loan.