RINGWOOD EAST is one of the more expensive suburbs in VIC. Median home prices are $850,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $765,000 home loan.
Between 2005 and 2011 the population of RINGWOOD EAST, 3135 grew an average of 93.60 people each year. This figure of 1929.60% per annum means RINGWOOD EAST is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $587 more every month. As a percentage rise, this makes RINGWOOD EAST, 3135 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
On a national list of suburbs ranked by median mortgage repayments, RINGWOOD EAST would be 2405th.