How much is LMI in Burleigh Heads?

On the Burleigh Heads median ($1,200,000) with a 5% deposit, LMI is approximately $43,320. At 10% deposit it falls to roughly $23,760.

Can I avoid LMI buying in Burleigh Heads?

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

Is LMI refundable in QLD?

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 Burleigh Heads 2026

LMI costs in Burleigh Heads on the $1,200,000 median. 5%, 10%, 15% deposit scenarios calculated. QLD Home Guarantee Scheme rules. Free Burleigh Heads LMI calcul