2 years clear with demonstrated savings capacity and I think your back in mainstream land. You gotta realise as well that a couple of years ago 7% was a good rate. Perception is reality. The $6k fee is a killer though.
Couple of years ago 7% was in fact was a fantastic rate. On the other hand Sydney real estate prices increased in couple of years.
If you are keen enough please have a look at 2 bedroom unit prices in Eastlakes 2018 NSW. Around May 2013 they were selling for 400K, Now they are selling for no less than 600K. Back in 2013 you were able to buy a house for 600K, yes 2 bedroom house, its all in domain web site sold section. Now houses are at least 1 million. Units again starting from 600K.
Couple of years and 50% increase, market has gone through the roof