LMI Calculator — Queensland (QLD)
Calculate your Lenders Mortgage Insurance (LMI) cost for properties in Queensland. LMI applies when you borrow more than 80% of the property value.
🏠 QLD first home buyers: Use the First Home Owner Grant ($15,000 for new homes). Use our Stamp Duty Calculator for QLD rates.
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How LMI works in Queensland
LMI in QLD works the same as other states — it protects the lender if you default. You pay it when borrowing more than 80% LVR.
QLD-specific considerations
- First Home Owner Grant: $15,000 for new homes (higher than most states)
- Brisbane median price: ~$780,000 (March 2026)
- Gold Coast: ~$850,000
- Sunshine Coast: ~$900,000
- Regional QLD: Much cheaper ($400k-$600k)
How much is LMI in QLD?
- 5% deposit ($650k property): ~$21,000 LMI
- 10% deposit ($650k property): ~$12,000 LMI
- 15% deposit ($650k property): ~$5,000 LMI
- 20% deposit: $0 LMI
How to avoid LMI in QLD
- Save a 20% deposit
- First Home Loan Deposit Scheme (5% deposit, no LMI)
- Family guarantee
- Professional LMI waivers