How much is LMI in Carlton?

On the Carlton median ($920,000) with a 5% deposit, LMI is approximately $33,212. At 10% deposit it falls to roughly $18,216.

Can I avoid LMI buying in Carlton?

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

Is LMI refundable in VIC?

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 Carlton 2026

LMI costs in Carlton on the $920,000 median. 5%, 10%, 15% deposit scenarios calculated. VIC Home Guarantee Scheme rules. Free Carlton LMI calculator for 2026.