How much is LMI in Fitzroy?

On the Fitzroy median ($1,180,000) with a 5% deposit, LMI is approximately $42,598. At 10% deposit it falls to roughly $23,364.

Can I avoid LMI buying in Fitzroy?

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

LMI costs in Fitzroy on the $1,180,000 median. 5%, 10%, 15% deposit scenarios calculated. VIC Home Guarantee Scheme rules. Free Fitzroy LMI calculator for 2026.