GetReal

Affordability

What do you need to buy a $1,000,000 property?

Deposit, stamp duty, LMI, and the income needed to service the loan. Select your state and buyer type — stamp duty updates instantly.

!
Income figures assume: single borrower, no existing debt, metro HEM
Assessment rate7.35% (RBA 4.35% + 3.0%)
Loan term30 years P&I
Living expensesHEM metro ($2,800/mo)
Existing debtNone
⚠ Assessment rate sourced from RBA F1 data (effective 2026-08-06), updated automatically each week. Stamp duty figures are sourced from state revenue offices — accurate as at 2026-08-07. For a personalised affordability check, use the search tool →
Stamp duty — NSW, first home buyer
Compare all states →
State Buyer type Duty payable FHB saving
Deposit options — $1,000,000
20% deposit
$200,000
Loan: $800,000
No LMI required
10% deposit
$100,000
Loan: $900,000
+ $22,644 LMI est.
5% deposit
$50,000
Loan: $950,000
+ $43,728 LMI est.
Minimum income to service the loan (20% deposit)
Single borrower
$139,000
gross annual, no existing debt
Two borrowers
$87,000 each
or any split totalling $139,000
What does $1,000,000 get you?
Berwick VIC › Frankston VIC › Reservoir VIC › Greenvale VIC › Mill Park VIC › Ocean Grove VIC › Ferntree Gully VIC › Keysborough VIC ›
Check if this is realistic for a specific suburb See what share of the market your budget can reach.
Search now →