How much is LMI in South Perth?

On the South Perth median ($1,380,000) with a 5% deposit, LMI is approximately $49,818. At 10% deposit it falls to roughly $27,324.

Can I avoid LMI buying in South Perth?

Yes — the federal Home Guarantee Scheme lets eligible WA first home buyers purchase in South 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 South Perth 2026

LMI costs in South Perth on the $1,380,000 median. 5%, 10%, 15% deposit scenarios calculated. WA Home Guarantee Scheme rules. Free South Perth LMI calculator fo