How much is LMI in Mount Gravatt?

On the Mount Gravatt median ($880,000) with a 5% deposit, LMI is approximately $31,768. At 10% deposit it falls to roughly $17,424.

Can I avoid LMI buying in Mount Gravatt?

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

LMI costs in Mount Gravatt on the $880,000 median. 5%, 10%, 15% deposit scenarios calculated. QLD Home Guarantee Scheme rules. Free Mount Gravatt LMI calculator