How much should I enter for the deposit amount?

How much should I enter for the deposit amount?

How much should I enter for the deposit amount?  

In Australia, the standard deposit for an investment property is typically 20% of the purchase price.

Deposit Breakdown:  

  • Standard Deposit (20%) – Avoids Lenders Mortgage Insurance (LMI).

  • Lower Deposits (10-5%) – May require LMI, increasing costs.

💡 Tip: If you already own a property, you might be able to use equity instead of cash for the deposit.

🚨 Note: Refindr does not calculate LMI automatically. If applicable, you may want to add LMI as an expense in the Deal Analyser.

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