How much is LMI on a typical Hobart home?

On the Hobart median ($660,000) with a 5% deposit, LMI is approximately $23,826. With a 10% deposit it falls to roughly $13,068.

Can Hobart 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 Hobart?

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

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

Estimate Lender's Mortgage Insurance for a Hobart home loan in 2026. See LMI on the $660,000 TAS median at 5%, 10% and 15% deposits. Includes ways Hobart first-