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+1 for Rolfs thoughts on Finance. With your equity a rubbish broker or bank will get you a few loans. A really good one with the right structure will get you MUCH further. Several of the brokers on this forum (rolf, jamie m, peter t etc) are some of the absolute best in the business and so...

Personally I think buying in Sydney now is counterproductive as the cycle is nearing its peak. SEQ is an option but there is also the Sydney ripple out. You could have heaps of fun heading out to catch it. With your equity you could actually do a bit of both.