Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SOUTH YARRA, 3141 is already $1,805,000, which makes it the number 25th in VIC on a list ordered by most expensive. Make sure that you get good SOUTH YARRA mortgage broker to look for the best deal.
Between 2005 and 2011 the population of SOUTH YARRA, 3141 grew an average of 228.20 people each year. This figure of 3806.80% per annum means SOUTH YARRA is one of the fastest growing suburbs in VIC.
SOUTH YARRA 3141 homeowners are paying around 25.99% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of VIC which is 35.71%.
The median mortgage repayment in SOUTH YARRA, VIC is 31.35% of the median household income.