How much is LMI in St Kilda?

On the St Kilda median ($980,000) with a 5% deposit, LMI is approximately $35,378. At 10% deposit it falls to roughly $19,404.

Can I avoid LMI buying in St Kilda?

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

LMI costs in St Kilda on the $980,000 median. 5%, 10%, 15% deposit scenarios calculated. VIC Home Guarantee Scheme rules. Free St Kilda LMI calculator for 2026.