If you were to buy a house locally at the current median price of $1,471,250 and had 10% deposit, then you would need a mortgage for $1,324,125. This is a very large mortgage compared to state.
SUMMER HILL 2130 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,100 which is $358 more every month. As a percentage rise, this makes SUMMER HILL, 2130 the number 1257th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in SUMMER HILL, 2130 have increased by $409. In the same period median mortgage loan repayments have increased by $358.