Surry Hills Home Loans — NSW

Deposit Requirements — Surry Hills

Based on a median house price of $1,850,000 in Surry Hills, NSW.

Deposit scenarios for Surry Hills
Deposit Level Deposit Required LMI Estimate LMI Payable?
20% Deposit $370,000 $0 No LMI
10% Deposit $185,000 $29,970 LMI Applies
5% Deposit $92,500 $66,785 High LMI

LMI estimates are indicative only. Actual premiums depend on lender, insurer, and your borrower profile. Not financial advice.

First Home Buyer Incentives — New South Wales

Stamp Duty Exemption Threshold $800,000 Properties at or below this value may attract zero stamp duty for eligible FHBs.
Estimated Stamp Duty $144,815 Calculated on $1,850,000 median price.
First Home Owner Grant (FHOG) $10,000 Available for eligible new home purchases in NSW. Conditions apply.
FHSS Scheme Property Cap $900,000 Maximum property value to access super savings via the FHSS scheme.

Stamp duty thresholds and grants are updated periodically. Verify current rates with New South Wales Revenue Office or a licensed broker. Not financial advice.

Home Loan Market Context — Surry Hills, 2010

Surry Hills is located within the New South Wales council area of New South Wales. The median house price of $1,850,000 sits 32% above the NSW state median of $1,400,000.

Buyers purchasing at the median with a 20% deposit would require a loan of approximately $1,480,000, with estimated monthly repayments of $9,113 at an indicative rate of 6.25% p.a. over 30 years.