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Mortgage and property-related calculators — repayments, stamp duty, borrowing power and buy-vs-rent, all built on current rates.
Stamp duty is charged on a property's purchase price (or market value) using progressive rates that vary by state and territory. Many states offer concessions or exemptions for first home buyers below a price threshold.
Lenders Mortgage Insurance protects the lender, not you, and is typically required when your deposit is under 20% of the property price (loan-to-value ratio above 80%). It's usually a one-off premium added to the loan.
Borrowing power depends on your income, expenses, existing debts and the lender's serviceability buffer, which tests you can still afford repayments a few percentage points above the actual rate.
It depends on how long you plan to stay, local price-to-rent levels and the opportunity cost of tying up a deposit. Compare your own numbers with the Rent vs Buy calculator rather than relying on a rule of thumb.