LMI Calculator — South Australia (SA)
Calculate your Lenders Mortgage Insurance (LMI) cost for properties in SA. LMI applies when you borrow more than 80% of the property value.
🏠 SA first home buyers: Pay $0 stamp duty on properties up to $650,000 (best in Australia). Use our Stamp Duty Calculator.
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How LMI works in SA
LMI in South Australia works like other states. You pay it when borrowing more than 80% LVR.
SA-specific considerations
- Best stamp duty exemption: $0 duty up to $650,000 (highest threshold in Australia)
- Adelaide median price: ~$720,000 (March 2026)
- More affordable than Sydney/Melbourne
- Regional SA: Very affordable ($350k-$550k)
How much is LMI in SA?
- 5% deposit ($600k property): ~$19,500 LMI
- 10% deposit ($600k property): ~$11,000 LMI
- 15% deposit ($600k property): ~$4,500 LMI
- 20% deposit: $0 LMI
How to avoid LMI in SA
- Save a 20% deposit
- First Home Loan Deposit Scheme (5% deposit, no LMI)
- Family guarantee
- Professional LMI waivers