How much is LMI on a typical Darwin home?

On the Darwin median ($510,000) with a 5% deposit, LMI is approximately $18,411. With a 10% deposit it falls to roughly $10,098.

Can Darwin first-home buyers avoid LMI?

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

Is LMI tax-deductible in Darwin?

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

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

Estimate Lender's Mortgage Insurance for a Darwin home loan in 2026. See LMI on the $510,000 NT median at 5%, 10% and 15% deposits. Includes ways Darwin first-h