How much is LMI in Caloundra?

On the Caloundra 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 Caloundra?

Yes — the federal Home Guarantee Scheme lets eligible QLD first home buyers purchase in Caloundra 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 Caloundra 2026

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