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Conversley if you are building in Many parts of greenfields Melbourne, we have had TBE vals "reduce" the overall land content...... in some cases to the point where building was not within the clients resources anymore ta rolf

CBA will cap lmi BUT there may be "sweet spot" lmi cost, or credit scoring, or rate pricing reasons why it wasnt done. generally we stick with 88+ lmi for most lenders IF thats in aggreeance with the borrower. LMI even if paif in full is still only deductible over 5 years...

toolate to change. did u ask the broker to "capitalise" ( add) the lmi to the loan ? Note a few lenders wont allow it anywau your tax adviser would be the best trustworthy advice. My experience says that LMI is a borrow cost and is "depreciable" over 5 years. Hence if your PPOR becomes an...