How much is LMI in Prahran?

On the Prahran median ($1,080,000) with a 5% deposit, LMI is approximately $38,988. At 10% deposit it falls to roughly $21,384.

Can I avoid LMI buying in Prahran?

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

LMI costs in Prahran on the $1,080,000 median. 5%, 10%, 15% deposit scenarios calculated. VIC Home Guarantee Scheme rules. Free Prahran LMI calculator for 2026.