Thanks everyone, appreciate the help.
After looking at this in detail, I think I will take your advice.
However, I think i'd better off with a 10% Deposit + LMI. Then put the rest into the offset account, interest only, as suggested.
Would just like your opinion as i'm thinking on purchasing my first property.
I'm a 24 year old single male on a $70,000 gross income.
I plan to save a $60,000 deposit (including the FHBG) in order to buy a 2 bedroom unit/townhouse/villa in Parramatta/North Parramatta for up to...