How much is LMI in Palm Beach?

On the Palm Beach median ($1,380,000) with a 5% deposit, LMI is approximately $49,818. At 10% deposit it falls to roughly $27,324.

Can I avoid LMI buying in Palm Beach?

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

LMI costs in Palm Beach on the $1,380,000 median. 5%, 10%, 15% deposit scenarios calculated. QLD Home Guarantee Scheme rules. Free Palm Beach LMI calculator for