What You Need to Know About the “Baldivis Boom”

Mortgage Brokers explains Baldivis Boom
Our experienced team of mortgage brokers in Baldivis, Rockingham and Kwinana has been experiencing the “Baldivis Boom” for close to seven years now. So, what is the “Baldivis Boom?” It’s the name given to the near-exponential population growth that has happened since 2006.

Baldivis: from Humble Beginnings to Baldivis Boom

Baldivis was settled in 1922, when three ships brought settlers for the Group Settlement Scheme in the space of six weeks. The ships’ names were Balranald, Diogenes and the last one was called the Jervis Bay.

While the land to the eastern side of Baldivis Road is a tramway reserve for a tramway that was never built, the western side was zoned for building in the 1990’s and Baldivis has seen increasing growth ever since.

In 2006, Baldivis had a population of 5,957. In the 2011 ABS Census, Baldivis was shown as having 15,883 people within their area of 115 square kilometres–that is a growth of 166%! 24.81% of the population is 12 years of age or less and 9.24% are between 13 and 19 years of age; 33.73% are from 20 years of age to 39 years of age, while 23.64% are between the ages of 40 and 59; only 9.31% are 60 years of age or older.

The property statistics are interesting to mortgage brokers who assist with home loans in the Baldivis area. 62.79% of homes are owned with a mortgage, 20.02% are rented and 15.66% are owned outright.

What it Means for Home Loans in Baldivis

The rapid population growth has a lot of ramifications for those who plan on taking out a home loan in Baldivis. Demographics indicate that Baldivis is a great place to raise a family. This makes it a very desirable place for first home buyers and younger families.

The constant growth makes Baldivis a place where property values are very likely to rise. Baldivis is in a finite space and the council there is doing its best to keep population density at a comfortable level. Eventually, there won’t be anymore room to build there and prices should begin to rise as demand overtakes supply.

Call Smartline Mortgage Brokers Rockingham: (08) 9527 1800

Talk to a friendly and knowledgeable mortgage broker at The Mortgage Gallery Rockingham today and ask for more information about home loans in Baldivis.