How much is LMI on a typical Adelaide home?

On the Adelaide median ($790,000) with a 5% deposit, LMI is approximately $28,519. With a 10% deposit it falls to roughly $15,642.

Can Adelaide first-home buyers avoid LMI?

Yes — the federal Home Guarantee Scheme allows eligible SA buyers to settle with a 5% deposit and no LMI, subject to property price caps that change each July.

Is LMI tax-deductible in Adelaide?

For owner-occupiers, no. Investors purchasing in Adelaide can usually claim LMI as a borrowing expense, deducted over five years or the loan term, whichever is shorter.

LMI in Adelaide 2026: how much it costs & how to avoid it

Estimate Lender's Mortgage Insurance for a Adelaide home loan in 2026. See LMI on the $790,000 SA median at 5%, 10% and 15% deposits. Includes ways Adelaide fir