Thanks. Ill keep you all posted with how I go. Im thinking of holding off until after july to take advantage of the abolition of exit fees. Will give me more flexibility in the future.
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.
Cheers.
Hi all,
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...