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If you've got ~30k in equity, to close on a 600k purchase, you'll only need around 50k total. You've got that. LMI will be through the roof (20k+), so you'll need it to be capitalised. As Corey said, this could be tricky, given most lenders limit LMI capitalisation to 2% of purchase price.

Order a couple upfronts - it cant hurt and we see significant valuation differences 15%+ quite often on pretty standard stock. Variations on reno jobs are quite common too. Note there may be LMI implications of switching lenders though. Cheers, Redom

Did a valuer physically come and inspect your properties? For reno jobs, this is important and can make a big difference to result.

Perhaps look to get a few valuations done to your 09 property - may get some more juice out that way. Even a 20k valuation difference (which is not uncommon with different valuers) - would reduce your LMI on your next purchase. Then seek a 95% loan + cap LMI loan for your new PPOR. With 50k...