How much is LMI on a typical Burnie home?

On the Burnie median ($410,000) with a 5% deposit, LMI is approximately $14,801. With a 10% deposit it falls to roughly $8,118.

Can Burnie first-home buyers avoid LMI?

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

Is LMI tax-deductible in Burnie?

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

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

Estimate Lender's Mortgage Insurance for a Burnie home loan in 2026. See LMI on the $410,000 TAS median at 5%, 10% and 15% deposits. Includes ways Burnie first-