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Thankyou all for your suggestions. I will consider these options, esp. the 20% as P&I. I'm not too concerned about tax deductibility as the property should hopefully be a PPOR in the next 5-10 years. I will also consider holding off till have sufficient 20% deposit, or even consider a cheapie...

I never thought of getting a loan - how does this work, do I borrow funds from parents? In relation to fixing I'm worried homeloan rates will go to 9% in the next 5 years which would increase a $500k+ loan repayments quite a bit. do you mean for the parents to give me a loan and I pay them back...

I bought an IP last year (currently renting), this chewed majority of my savings as I had no equity to use. hence the low deposit. Was thinking of saving over the next 5-10 years for a sizable deposit but am concerned the nicer areas will be out of my reach hence wanting to get in now.

i see what you mean 5 years is a long time. Was looking for IP in a nice area where I can move into in 5 or so years before I "miss the boat", or is there no such boat? Hehe. I guess I mainly wanted to find out if using guarantor as proposed above would give me a good range of lenders as opposed...

Hi Just wondering if using parents as guarantor for the 20% of purchase price + stamp duty etc (ie. nothing out of my pocket) would limit my choice of lender. Was looking at some of the low cost lenders like Ubank who have an extremely great 5 year rate in the low 5's or other lenders with...