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zgnilek - My advice...give Pete a buzz- he knows exactly what his doing + he will lay out the best option available and his in your part of town.

No...personally it's always my last option in fact for your case and the numbers your giving i would not even think abt bridging loan

Regarding the new home LMI. Since the buy price is $660,000- you need 20% cash/equity/deposit to avoid LMI...without knowing your full numbers/details here are some possible options. 1. Apply for a 90% equity split loan on your current loan - yes LMi payable but minimal since you have...

Equity split loan. Property value: 410k at 80% ( No LMI): $328k Loan: $240,000 ( im presuming this includes the redraw??? ie loan is $200,000 and redraw of $40,000) Equity available/cash: $88,000 So you will have $88,000 available cash/equity that you can draw out BEFORE you sell...