How much is LMI in Gungahlin?

On the Gungahlin 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 Gungahlin?

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

Is LMI refundable in ACT?

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 Gungahlin 2026

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