How much is LMI on a typical Central Coast home?

On the Central Coast median ($845,000) with a 5% deposit, LMI is approximately $30,505. With a 10% deposit it falls to roughly $16,731.

Can Central Coast first-home buyers avoid LMI?

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

Is LMI tax-deductible in Central Coast?

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

LMI in Central Coast 2026: how much it costs & how to avoid it

Estimate Lender's Mortgage Insurance for a Central Coast home loan in 2026. See LMI on the $845,000 NSW median at 5%, 10% and 15% deposits. Includes ways Centra