WEST MELBOURNE is one of the most expensive suburbs in VIC. Median home prices are $1,211,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,090,350 home loan.
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.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,383 which is $641 more every month. As a percentage rise, this makes WEST MELBOURNE, 3003 the number 555th 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, WEST MELBOURNE would be 567th.