If you’re looking to buy in SOUTH MELBOURNE then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $1,432,500 over the last year.
Australia’s total population growth over the last five years has been 9217.00 This means that SOUTH MELBOURNE, 3205’s growth of 527 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,500 which is $507 more every month. As a percentage rise, this makes SOUTH MELBOURNE, 3205 the number 363th 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, SOUTH MELBOURNE would be 374th.