How much is LMI on a typical Brisbane home?

On the Brisbane median ($880,000) with a 5% deposit, LMI is approximately $31,768. With a 10% deposit it falls to roughly $17,424.

Can Brisbane first-home buyers avoid LMI?

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

Is LMI tax-deductible in Brisbane?

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

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

Estimate Lender's Mortgage Insurance for a Brisbane home loan in 2026. See LMI on the $880,000 QLD median at 5%, 10% and 15% deposits. Includes ways Brisbane fi