How much is LMI in West End?

On the West End median ($1,180,000) with a 5% deposit, LMI is approximately $42,598. At 10% deposit it falls to roughly $23,364.

Can I avoid LMI buying in West End?

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

LMI costs in West End on the $1,180,000 median. 5%, 10%, 15% deposit scenarios calculated. QLD Home Guarantee Scheme rules. Free West End LMI calculator for 202