How much is LMI in Belconnen?

On the Belconnen median ($720,000) with a 5% deposit, LMI is approximately $25,992. At 10% deposit it falls to roughly $14,256.

Can I avoid LMI buying in Belconnen?

Yes — the federal Home Guarantee Scheme lets eligible ACT first home buyers purchase in Belconnen with a 5% deposit and no LMI. Professional waivers and guarantor loans are also common.

Is LMI refundable in ACT?

LMI is generally non-refundable, but some lenders offer a partial refund if the loan is refinanced or paid out within the first 1–2 years. Check the specific policy with the lender at application.

LMI Calculator Belconnen 2026

LMI costs in Belconnen on the $720,000 median. 5%, 10%, 15% deposit scenarios calculated. ACT Home Guarantee Scheme rules. Free Belconnen LMI calculator for 202