How much is LMI in North Perth?

On the North Perth median ($920,000) with a 5% deposit, LMI is approximately $33,212. At 10% deposit it falls to roughly $18,216.

Can I avoid LMI buying in North Perth?

Yes — the federal Home Guarantee Scheme lets eligible WA first home buyers purchase in North Perth with a 5% deposit and no LMI. Professional waivers and guarantor loans are also common.

Is LMI refundable in WA?

LMI is generally non-refundable, but some lenders offer a partial refund if the loan is refinanced or paid out within the first 1–2 years. Check the specific policy with the lender at application.

LMI Calculator North Perth 2026

LMI costs in North Perth on the $920,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free North Perth LMI calculator for