GetReal

Affordability

What do you need to buy a $1,200,000 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 — $1,200,000
20% deposit
$240,000
Loan: $960,000
No LMI required
10% deposit
$120,000
Loan: $1,080,000
+ $49,820 LMI est.
5% deposit
$60,000
Loan: $1,140,000
+ $52,588 LMI est.
Minimum income to service the loan (20% deposit)
Single borrower
$161,000
gross annual, no existing debt
Two borrowers
$97,000 each
or any split totalling $161,000
What does $1,200,000 get you?
Rowville VIC › Torquay VIC › Mornington VIC › Brighton VIC › Frankston South VIC › Mulgrave VIC › Preston VIC › Coburg VIC ›
Check if this is realistic for a specific suburb See what share of the market your budget can reach.
Search now →