RICHMOND is one of the most expensive suburbs in VIC. Median home prices are $1,230,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,107,000 home loan.
RICHMOND, 3121 is number 55th in a list of the country’s fastest growing suburbs, and number 34th in State. It has had an average population growth of 267.60 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-906 less than the median monthly home loan repayment in RICHMOND, VIC.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, RICHMOND VIC would be 3028th with 32.41.