How much is LMI in Surfers Paradise?

On the Surfers Paradise median ($920,000) with a 5% deposit, LMI is approximately $33,212. At 10% deposit it falls to roughly $18,216.

Can I avoid LMI buying in Surfers Paradise?

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

LMI costs in Surfers Paradise on the $920,000 median. 5%, 10%, 15% deposit scenarios calculated. QLD Home Guarantee Scheme rules. Free Surfers Paradise LMI calc