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Other peoples' money. BR

Don't just pick a random figure. Talk to your/a broker and get them to give you the 'best' figure. For not much more LMI, you may be able to to increase your LVR a few %, minimising your cash input. BR

I have just done this with my most recent purchase. When I was initially working out figures I was leaning towards 80% to avoid LMI, but after having the effects explained and crunching a few numbers I realised that keeping a larger buffer is a much smarter option (for me). It kept about $25k...