How much is LMI on a typical Kalgoorlie home?

On the Kalgoorlie median ($395,000) with a 5% deposit, LMI is approximately $14,260. With a 10% deposit it falls to roughly $7,821.

Can Kalgoorlie 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 Kalgoorlie?

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

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

Estimate Lender's Mortgage Insurance for a Kalgoorlie home loan in 2026. See LMI on the $395,000 WA median at 5%, 10% and 15% deposits. Includes ways Kalgoorlie