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Melbourne Mortgage Information

Average Mortgage Loan in Melbourne: $230,000

How Melbourne Ranks in Ontario for Mortgage Business

The following table lists how Melbourne ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
596TARA, ON 0.005%
597HOLSTEIN, ON 0.005%
598HIGHGATE, ON 0.005%
599MATHESON, ON 0.005%
600ROSSEAU, ON 0.005%
601MELBOURNE, ON 0.005%
602MARTINTOWN, ON 0.005%
603HORNEPAYNE, ON 0.005%
604GRAFTON, ON 0.005%
605DESBORO, ON 0.005%

Types of Mortgage Inquiries Received from Melbourne

Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 33.3%
Mortgage Pre-approval: 33.3%
First-time Home Buyer: 33.3%
Total Application Types Found: 3

Age Demographics for Melbourne Mortgage Applicants

Average age: 40
Oldest age: 52
Youngest age: 35

Incomes for Melbourne Mortgage Applicants

The amounts below are the average income of applicants living in Melbourne who have applied for a home loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Melbourne: $85,000.00
applicants within all of Canada: $60,852.54
Difference: $24,147.46

Since the average income of Melbourne is notability higher than our national average, we have included the MEDIAN annual gross income for this town. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Melbourne: $30,000.00
applicants within all of Canada: $60,852.54
Difference: ($30,852.54)

Note: Commercial loan amounts were not included for this survey, only residential mortgage loans were used.

Last mortgage report update for Melbourne: Friday, July 1, 2016
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