BLACKBURN SOUTH is one of the most expensive suburbs in VIC. Median home prices are $1,070,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $963,000 home loan.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, BLACKBURN SOUTH, 3130 figure of 457 represents a 10485.00% change.
Mortgage brokers in BLACKBURN SOUTH, 3130 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,400 to $1,972.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BLACKBURN SOUTH, 3130 should have seen some difference. While the latest census median annual household figure income is now $66,300, it was $56,825 back in 2006, which is a net increase of $9,474 Subtract from that the median mortgage repayment increase of $6,864 and a mortgage broker’s clients could be up to $2,610 better off each year even without factoring in mortgage rate cuts.