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Affordability

What do you need to buy a $400,000 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 — $400,000
20% deposit
$80,000
Loan: $320,000
No LMI required
10% deposit
$40,000
Loan: $360,000
+ $6,743 LMI est.
5% deposit
$20,000
Loan: $380,000
+ $12,711 LMI est.
Minimum income to service the loan (20% deposit)
Single borrower
$77,000
gross annual, no existing debt
Two borrowers
$57,000 each
or any split totalling $77,000
What does $400,000 get you?
Morwell VIC › Carlton VIC › Prahran VIC › Shepparton VIC › Moe VIC › Maryborough VIC › Hamilton VIC › Ararat VIC ›
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