How much is LMI on a typical Geraldton home?

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

Can Geraldton first-home buyers avoid LMI?

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

Is LMI tax-deductible in Geraldton?

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

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

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