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I generally advise to increase the size of the buffer depending on employment/lifestyle circumstance. If I have a 24 year old doctor at the start of a career with strong income gains expected, low capital base, having a large buffer here can mean watching from the sidelines for years...

Two sides to this though. Risk minimisation beyond a certain point starts becoming expensive. Having a buffer is all well and good - definitely very healthy and prudent. Jamie makes a great point, relevant and timely given the 'mindset' towards property at the moment (boom times, happy...

Hey Ram, Good to be prudent and i like the buffer youve set aside, 2 years + is very healthy IMO. To get to your goal, its likely yo'll need to be aggressive early and take advantage of LMI with higher LVR lending. In terms of borrowing power, best to sit down with a broker and ask them...