If you were to buy a house locally at the current median price of $806,000 and had 10% deposit, then you would need a mortgage for $725,400. This is quite a large mortgage compared to state.
ROWVILLE, 3178 is number 12th in a list of the country’s fastest growing suburbs, and number 8th in State. It has had an average population growth of -53.40 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ROWVILLE, 3178 rank at number 540th in State or 3696th nationally when listed in order of median monthly mortgage payment.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, ROWVILLE VIC would be 5474th with 24.62.