10% of $450,000
10% of $450,000.00
$45,000.00
10% of $450,000.00 is $45,000.00.
Quick answer
10% of $450,000 is $45,000. Some Australian lenders accept a 10% deposit on a home loan instead of the standard 20%, which gets buyers into the market sooner — though it usually means paying Lenders Mortgage Insurance (LMI) on top, since the deposit sits below the 20% LMI-free threshold.
Explore more Maths calculators
10% of $450,000 is one of numbers, percentages and conversion tools on OneCalculate — see the full set for this category.
Browse MathsHow it works
The formula for any percentage question is the same: result = base × (percent ÷ 100). Here, $450,000 ×
(10 ÷ 100) = $45,000. A 10% deposit sits below the 20% deposit threshold most Australian lenders use before
waiving Lenders Mortgage Insurance (LMI) — see Moneysmart’s
guide to saving for a home deposit for how the
two interact — so borrowing with only 10% down usually means an LMI premium gets added to the loan.
Worked example
Fiona already owns a unit in the city and is looking to add an investment property in Wagga Wagga, in the NSW Riverina, where $450,000 buys a solid three-bedroom house. Rather than wait years to save a full 20% deposit, her lender offers an investment loan that only needs 10% down. The calculation: $450,000 × 10% = $45,000. That’s the deposit Fiona needs to put down, with the remaining $405,000 financed through the loan. Because her deposit sits below the 20% LMI-free threshold, she’ll also pay a Lenders Mortgage Insurance premium — a cost she’s weighed against getting into the investment market roughly three years sooner than saving the full amount would take.
Frequently asked questions
What is 10% of $450,000?
10% of $450,000 is $45,000. Multiply $450,000 by 0.10 (or divide by 10) to get the same answer.
Is a 10% deposit enough to buy a house in Australia?
Yes, many lenders accept a 10% deposit, but you'll usually pay Lenders Mortgage Insurance (LMI) because you're borrowing more than 80% of the property's value. Check Moneysmart's guide to saving for a home deposit for how LMI fits in.
How much would a 20% deposit be on the same $450,000 property?
A 20% deposit on $450,000 is $90,000 — double the 10% deposit — but reaching that threshold means avoiding LMI altogether.
Why might a buyer choose a smaller deposit like 10%?
A smaller deposit gets buyers into the market sooner and can free up cash for other costs, even though it means paying LMI and carrying a larger loan balance — it's a trade-off between timing and upfront cost.
Related calculators
Written and verified by Nirbhay Tripathi
Last updated 18 August 2026
All rates on this page are verified againstMoneysmart — Saving for a home depositon 18 August 2026. See our methodology for the full update calendar.