Wednesday, August 19, 2026

HomeGeneral NewsMajor bank scraps LMI, flags deposits as low as $31k

Major bank scraps LMI, flags deposits as low as $31k

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This Rocklea home in Brisbane was listed at offers over $749,000 mid-year. A 10 per cent deposit in the suburb now would be around $80k based on median prices now.


A major Aussie bank has scrapped Lenders Mortgage Insurance in a sweeping move that would see deposits tumble to as low as $31k in…



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