How much is LMI on a typical Perth home?

On the Perth median ($770,000) with a 5% deposit, LMI is approximately $27,797. With a 10% deposit it falls to roughly $15,246.

Can Perth 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 Perth?

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

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

Estimate Lender's Mortgage Insurance for a Perth home loan in 2026. See LMI on the $770,000 WA median at 5%, 10% and 15% deposits. Includes ways Perth first-hom