How much is LMI on a typical Rockhampton home?

On the Rockhampton median ($425,000) with a 5% deposit, LMI is approximately $15,343. With a 10% deposit it falls to roughly $8,415.

Can Rockhampton first-home buyers avoid LMI?

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

Is LMI tax-deductible in Rockhampton?

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

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

Estimate Lender's Mortgage Insurance for a Rockhampton home loan in 2026. See LMI on the $425,000 QLD median at 5%, 10% and 15% deposits. Includes ways Rockhamp