How much is LMI on a typical Shepparton home?

On the Shepparton median ($460,000) with a 5% deposit, LMI is approximately $16,606. With a 10% deposit it falls to roughly $9,108.

Can Shepparton first-home buyers avoid LMI?

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

Is LMI tax-deductible in Shepparton?

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

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

Estimate Lender's Mortgage Insurance for a Shepparton home loan in 2026. See LMI on the $460,000 VIC median at 5%, 10% and 15% deposits. Includes ways Shepparto