How much is LMI on a typical Coffs Harbour home?

On the Coffs Harbour median ($720,000) with a 5% deposit, LMI is approximately $25,992. With a 10% deposit it falls to roughly $14,256.

Can Coffs Harbour 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 Coffs Harbour?

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

LMI in Coffs Harbour 2026: how much it costs & how to avoid it

Estimate Lender's Mortgage Insurance for a Coffs Harbour home loan in 2026. See LMI on the $720,000 NSW median at 5%, 10% and 15% deposits. Includes ways Coffs