If you were to buy a house locally at the current median price of $1,760,000 and had 10% deposit, then you would need a mortgage for $1,584,000. This is a very large mortgage compared to state.
With a net change of 617 people, SANDRINGHAM 3191 has grown considerably when compared to other suburbs in VIC.
SANDRINGHAM, 3191 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $2,000 to $2,500.
The local median household income has increased by $401 which is a theoretical $26,000 available for a SANDRINGHAM mortgage broker to find a home loan.