No matter where in SA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BLACKWOOD , 5051 is $500,000 this month which means that a mortgage for 80% of that value would be $400,000.
Across the whole country BLACKWOOD,5051 is number 1612th fastest growing suburb by population growth, and 107th in State. Its population grew by 252 people over the last five years.
BLACKWOOD 5051 homeowners are paying around 45.91% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of SA which is 43.56%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BLACKWOOD, 5051 should have seen some difference. While the latest census median annual household figure income is now $68,276, it was $55,744 back in 2006, which is a net increase of $12,532 Subtract from that the median mortgage repayment increase of $6,060 and a mortgage broker’s clients could be up to $6,472 better off each year even without factoring in mortgage rate cuts.