If you were to buy a house locally at the current median price of $1,195,000 and had 10% deposit, then you would need a mortgage for $1,075,500. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of BLACKBURN SOUTH, 3130 grew an average of 91.40 people each year. This figure of 2097.00% per annum means BLACKBURN SOUTH is one of the fastest growing suburbs in VIC.
BLACKBURN SOUTH, 3130 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,400 to $1,972.
The local median household income has increased by $182 which is a theoretical $29,744 available for a BLACKBURN SOUTH mortgage broker to find a home loan.