There are a number of BLACKBURN, 3130 mortgage brokers that can help you find the right home loan. With median house prices at $1,353,000 for this VIC suburb, it's important that you have someone shop around and get you the best mortgage deal.
With a net change of 837 people, BLACKBURN 3130 has grown considerably when compared to other suburbs in VIC.
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.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BLACKBURN, 3130 should have seen some difference. While the latest census median annual household figure income is now $78,416, it was $60,907 back in 2006, which is a net increase of $17,508 Subtract from that the median mortgage repayment increase of $6,576 and a mortgage broker’s clients could be up to $10,932 better off each year even without factoring in mortgage rate cuts.