Mortgage Calculator — Queensland, Australia
Pre-filled with Queensland's average home price of A$780000, council rates of A$1800/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 (Queensland 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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| Enter loan details above to see rate scenarios | ||
Loan Repayment Schedule
Full month-by-month repayment breakdown
| Month | Year | Repayment | Principal | Interest | Balance |
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Queensland Property Market
Queensland has been Australia's strongest-performing property market since 2020, driven by interstate migration, the Brisbane 2032 Olympics, and strong lifestyle demand. Brisbane prices have risen significantly, though the state still offers better value than Sydney and Melbourne per square metre. Coastal markets (Gold Coast, Sunshine Coast) remain premium destinations.
Buying in Queensland
Queensland's recent price surge has eroded the affordability advantage it once held over southern states. Insurance costs are meaningfully higher than the national average due to cyclone and flood risk in northern and coastal areas. Brisbane's inner-city market has seen the sharpest appreciation.
Stamp Duty
Queensland charges transfer duty on a sliding scale. On A$780,000, the duty is approximately A$28,525. First-home buyers are exempt on homes valued under A$700,000 and receive concessions up to A$800,000. Owner-occupier concessions apply for properties under A$550,000.
Lenders Mortgage Insurance (LMI)
LMI applies when LVR exceeds 80%. Queensland's diverse markets — from coastal lifestyle properties to metropolitan Brisbane — create wide variation in LMI costs. On an 85% LVR purchase at A$780,000, LMI can range A$5,000–A$12,000.
First Home Owner Grant
The Queensland First Home Owner Grant provides A$30,000 for new homes built or purchased from 20 November 2023, in all areas of Queensland. This is one of Australia's most generous state grants.
Key Markets
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