If you were to buy a house locally at the current median price of $1,211,500 and had 10% deposit, then you would need a mortgage for $1,090,350. This is a very large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, WEST MELBOURNE, 3003 figure of 705 represents a 3643.00% change.
Mortgage brokers in WEST MELBOURNE, 3003 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,741 to $2,383.
The local median household income has increased by $276 which is a theoretical $33,358 available for a WEST MELBOURNE mortgage broker to find a home loan.