Mortgage Calculator — New South Wales, Australia
Pre-filled with New South Wales's average home price of A$1150000, council rates of A$2200/year, and a standard variable rate of 5.8%. Adjust any value below.
APRA Serviceability Buffer: Australian lenders assess your loan at 9.24% (your rate + 3% buffer). You must demonstrate repayment capacity at this higher rate, even though your actual repayments are based on 5.7%.
1 Loan Details
2 Ongoing Costs (New South Wales averages pre-filled)
Include LMI
Required when deposit < 20% (LVR > 80%)
Estimated Monthly Repayment
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Enter your loan details to see your repayment
Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Deposit
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Of property price
Monthly Repayment Breakdown
Balance Over Time
Rate Comparison
How your repayment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
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Loan Repayment Schedule
Full month-by-month repayment breakdown
| Month | Year | Repayment | Principal | Interest | Balance |
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New South Wales Property Market
New South Wales — centred on Sydney — is Australia's most expensive property market. Sydney's median dwelling price regularly exceeds A$1,100,000, driven by chronic undersupply, geographic constraints, and strong population growth. Newcastle and Wollongong offer relative affordability as commuter alternatives, though both have seen significant price growth in recent years.
Buying in New South Wales
At A$1,150,000, the average NSW home requires a household income of roughly A$200,000+ to service comfortably at current rates. Buyers avoiding LMI need A$230,000 in savings for a 20% deposit. The APRA serviceability buffer at 9.24% means qualification is tighter than the actual rate suggests.
Stamp Duty
NSW charges stamp duty (transfer duty) on a tiered scale. On a A$1,150,000 home, the duty is approximately A$46,600. First Home Buyers are exempt on properties up to A$800,000 and receive a concession up to A$1,000,000. NSW also offers an optional annual property tax for eligible first-home buyers.
Lenders Mortgage Insurance (LMI)
Lenders Mortgage Insurance (LMI) is required when your Loan-to-Value Ratio (LVR) exceeds 80%. LMI protects the lender, not the borrower. At 85% LVR on a A$1,150,000 loan, LMI can cost A$8,000–A$15,000 depending on the insurer.
First Home Owner Grant
The NSW First Home Owner Grant (FHOG) provides A$10,000 for new homes valued up to A$750,000. The First Home Buyers Assistance Scheme provides stamp duty exemptions and concessions for eligible buyers.
Key Markets
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