Do I need to pay Lender Mortgage Insurance (LMI) if I buy an investment property?
The same rules apply for LMI whether you’re buying a property to live in or as an investment. If you borrow more than 80% of your property’s value, you can expect to pay LMI.
However, the full LMI premium, including stamp duty and GST, could be tax-deductible as a borrowing cost depending on your circumstances. So, make sure you discuss this with your accountant or financial advisor.