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Not sure if it helps, but id look closely at the stamp duty concession. In my local states, you still get the grant but lose duty concessions. Ta, Redom

Paterson - I admire your ambition!!! I got very close to selling my car when I first started. If possible, i'd plan for some contingencies too - having a buffer is pretty important!

Yes!!! If you switch lenders you'll have to pay LMI again. Definitely very costly. Regarding the ING talk, they have a $1 LMI offer for PPORs atm (as someone put it, the price of a frozen coke!). Therefore if you have to refinance out, you aren't exactly losing much apart from refi costs...

Nooo - haha going by SS - something that's just not worth trying! The LMI saving is quite juicy at 450k price point (~10k?) - that if there's ever a need to cash out, the cost of refinancing to another more loose lender would be peanuts in comparison. Wouldn't have paid any LMI, so there's...

Haha sorry Paterson - Opening Post.

By the 10k do you mean the grant? I'm not that up to speed with WA laws, but purchasing an IP may implications on your ability to access grants/duty concessions. In Cbr, if you own an IP, you wont get the duty concession. If you haven't already, I'd speak to my conveyancer/local OSR to...

Why??? OP could just buy the PPOR at 90% and then worry about the IP when ready down the track some time. OP wouldn't need to cash out above 90% (and if they did, ING is no good as they'll pay LMI). OP would have $20 odd thousand left that they intend on using some time down the track once...

Hmm, this MAY introduce valuation risk though. Putting all the cash in a NEW property (required for grant) and expecting to draw out equity at high LVRs = dangerous combo. It can be done, but it will require your valuation to hold after the stock is not considered new (often moves slightly...

I have a soft spot for super aggressive strategies - I like your ambition! :) This is decent advice - could be a great way to go about it and get reasonably close to achieving your goal. Also saves a bucket load in LMI. Realistically it'll be hard to close a second deal with 25k, but you...