How much is LMI in Shellharbour?

On the Shellharbour median ($850,000) with a 5% deposit, LMI is approximately $30,685. At 10% deposit it falls to roughly $16,830.

Can I avoid LMI buying in Shellharbour?

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

Is LMI refundable in NSW?

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 Shellharbour 2026

LMI costs in Shellharbour on the $850,000 median. 5%, 10%, 15% deposit scenarios calculated. NSW Home Guarantee Scheme rules. Free Shellharbour LMI calculator f