10% of $350,000
10% of $350,000.00
$35,000.00
10% of $350,000.00 is $35,000.00.
Quick answer
10% of $350,000 is $35,000. For a buyer eyeing an affordable regional property, that's a middle-ground deposit — double the 5% low-deposit-scheme figure, but half of the 20% needed to avoid Lenders Mortgage Insurance entirely. It still usually means paying a reduced LMI premium rather than none at all.
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10% of $350,000 is one of numbers, percentages and conversion tools on OneCalculate — see the full set for this category.
Browse MathsHow it works
To find a percentage of a number, multiply the number by the percentage and divide by 100:
result = base × (percent ÷ 100). For this page, that’s $350,000 × (10 ÷ 100) = $35,000. A 10% deposit sits
midway between the 5% figure some low-deposit schemes accept and the 20% deposit most lenders use as the
threshold for waiving Lenders Mortgage Insurance (LMI)
— so it usually still attracts an LMI premium, just a smaller one than a 5% deposit would.
Worked example
Nathan is a diesel mechanic saving for his first home in Mount Gambier, South Australia, where he’s found a three-bedroom brick house listed at $350,000. Rather than wait years for a full 20% deposit, he’s targeting 10% down as a middle ground his broker says will keep his LMI premium manageable. The calculation: $350,000 × 10% = $35,000. That’s double the $17,500 a 5% deposit would need, but only half of the $70,000 a full 20% deposit would require — letting Nathan buy sooner while still shrinking the loan (and the LMI premium) compared with the minimum deposit.
Frequently asked questions
What is 10% of $350,000?
10% of $350,000 is $35,000. You get this by multiplying $350,000 by 0.10, or dividing by 10.
How does a 10% deposit compare with a 5% or 20% deposit on the same property?
On a $350,000 property, 5% is $17,500 and 20% is $70,000 — so a 10% deposit of $35,000 sits exactly halfway between the low-deposit-scheme minimum and the LMI-avoidance threshold.
Will I still pay Lenders Mortgage Insurance with a 10% deposit?
Usually yes, unless you're using a low-deposit guarantee scheme. Most lenders charge LMI on any deposit under 20%, though the premium is smaller at 10% down than it would be at 5% down.
Is $350,000 a realistic property price in regional Australia?
Yes — many regional centres and outer-regional towns, particularly in regional South Australia, western Victoria and parts of regional Queensland, have median house prices at or below this level, though it varies a lot by location.
What would a 20% deposit be on the same $350,000 property?
20% of $350,000 is $70,000 — double the 10% figure of $35,000 — and it's the amount that typically avoids Lenders Mortgage Insurance altogether.
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Written and verified by Nirbhay Tripathi
Last updated 18 August 2026
All rates on this page are verified againstMoneysmart — Saving for a home deposit, Moneysmart — Lenders mortgage insurance (LMI)on 18 August 2026. See our methodology for the full update calendar.