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I would be living there for a minimum of 3 years, more likely 5+ though. Wouldn't more deposit down = equal better value based on on lower LMI costs (given that tax deductions would not apply). What is OPM sorry? EDIT: Forgot to say yes would eventually convert to IP, but not in the short term.

What about for a PPOR? I'll soon be in a position where I need to decide how to distribute my cash savings. Do I essentially max out and put as much as I can down (18%ish), leaving a small buffer, or do I for example put 15% down leaving a larger buffer but more LMI costs?