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hi maikeru, You will need to buy in a good growth area. Based on your information, I think you ought to forget scenario 2 and 3 as you have not enough deposit for these amounts. That leaves 1 and 4 and I also say Option 4. Option 4. If you purchase your OO - you not only get the...

Hi Mike and welcome! I think you have forgotten to include LMI into your scenario. With a 60k deposit you cannot afford a purchase of 600k. The best loan scenario would be a 95% lend where you would actually need Approx 80k. Even at 550k Purchase your LMI is approx 25k bringing you...