How much is LMI in Caulfield?

On the Caulfield median ($1,320,000) with a 5% deposit, LMI is approximately $47,652. At 10% deposit it falls to roughly $26,136.

Can I avoid LMI buying in Caulfield?

Yes — the federal Home Guarantee Scheme lets eligible VIC first home buyers purchase in Caulfield 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 Caulfield 2026

LMI costs in Caulfield on the $1,320,000 median. 5%, 10%, 15% deposit scenarios calculated. VIC Home Guarantee Scheme rules. Free Caulfield LMI calculator for 2