If you were to buy a house locally at the current median price of $1,330,000 and had 10% deposit, then you would need a mortgage for $1,197,000. This is a very large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, BLACKBURN, 3130 figure of 837 represents a 12695.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $548 more every month. As a percentage rise, this makes BLACKBURN, 3130 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The median mortgage repayment in BLACKBURN, VIC is 30.61% of the median household income.