How much is LMI in Paddington?

On the Paddington median ($1,150,000) with a 5% deposit, LMI is approximately $41,515. At 10% deposit it falls to roughly $22,770.

Can I avoid LMI buying in Paddington?

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

LMI costs in Paddington on the $1,150,000 median. 5%, 10%, 15% deposit scenarios calculated. QLD Home Guarantee Scheme rules. Free Paddington LMI calculator for