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Affordability

What do you need to buy a $1,300,000 property?

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

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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
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State Buyer type Duty payable FHB saving
Deposit options — $1,300,000
20% deposit
$260,000
Loan: $1,040,000
No LMI required
10% deposit
$130,000
Loan: $1,170,000
+ $53,972 LMI est.
5% deposit
$65,000
Loan: $1,235,000
+ $56,971 LMI est.
Minimum income to service the loan (20% deposit)
Single borrower
$172,000
gross annual, no existing debt
Two borrowers
$102,000 each
or any split totalling $172,000
What does $1,300,000 get you?
Rowville VIC › Torquay VIC › Mornington VIC › Frankston South VIC › Preston VIC › Coburg VIC › Bentleigh East VIC › Richmond VIC ›
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