No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in SOUTH MELBOURNE , 3205 is $1,400,000 this month which means that a mortgage for 80% of that value would be $1,120,000.
Between 2005 and 2011 the population of SOUTH MELBOURNE, 3205 grew an average of 105.40 people each year. This figure of 1843.40% per annum means SOUTH MELBOURNE is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,023 less than the median monthly home loan repayment in SOUTH MELBOURNE, VIC.