Upfront costs and stamp duty calculator

In addition to your deposit, there are a number of other upfront expenses you will have to save for when buying your home. Find out more.

Stamp Duty is a State Government Tax levied on home buyers and it varies depending on the state or territory you’re buying in. You can use our upfront costs calculator as a guide. Your actual Stamp Duty cost may vary depending on your own circumstances. Our calculator does not take into account stamp duty exemptions. Find out more.

Lenders Mortgage Insurance (LMI), or a Lender Protection Fee (LPF), is a one-off fee you’ll need to pay if you borrow more than 80% of a property’s value (i.e. if you have less than a 20% deposit). The LMI premium, or LPF, is usually added to your loan amount which means you don’t have to pay the fee up-front. However, it does mean your loan repayments would be higher than if you borrowed a maximum of 80% of a property’s value.

LMI and LPF helps to protect the lender from financial loss if you can’t afford to meet your repayments and default on the loan.

There are factors that affect how much LMI or LPF will cost you. Find out more.

Loan-to-Value Ratio, or LVR, is the comparison of how much you’re borrowing against how much the property is worth.

Lenders use it to determine risk when assessing loan applications - the lower the LVR is, the lower the risk is to the lender.

For example, the maximum LVR for a Qantas Money Basic Home Loan is 80%, and for the Qantas Money Offset Home Loan, it’s 90%. This means you’ll need to have a deposit or equity of at least 20% of the purchase price in order to take out a Qantas Money Basic Home Loan, and at least 10% of the purchase price for a Qantas Money Offset Home Loan.

Find out more about LVR.