Hi all, Looking for some prelim advice here before I meet with a bank or mortgage broker for further information. I'm 32 years old, with a young family (2 dependants) on a base gross salary of $100k in a job i've been in for 6 years now. My wife works permanent part-time 20 hours a week, and earns about $27k gross per year. Additionally, I own and run (under my wife's name because of the lower tax rate) an at home e-commerce business which achieves a net profit before tax of about $35k per annum. We have rented for 6 years in Sydney, and in that time paid weekly rents anywhere between $500 - $700 per week (currently we're paying $660pw). Currently, after all our expenditure, rent etc, we're saving about $600pw (or $31k a year) as a family. We're looking to stop paying someone else's mortgage and finally get our first property. We're originally from Brisbane and are looking to buy in Brisbane (a $420k house). We currently have $28k cash + a $20k asset being a vehicle which we own outright with no debt. We're actually interested in relocating back to Brisbane and living in the house as a preferred option, but this is complicated as we obviously both need a new job in Brisbane to do that, which is possible but then we run the risk of the banks not giving us a loan because of our fresh jobs and lack of security. The other option is to buy the property as an investment, whilst on our current secure stable salaries and then relocating back to Brisbane at a later date. This however, from what I understand will mean we have to pay about $13k in QLD stamp duty, as it's an investment property. I understand if it was owner occupied we'd qualify for a stamp duty concession, eliminating the $13k duty payment. So I guess it's a catch 22 for us... After reviewing all of the above, I wonder if anyone could share their knowledge or experiences on what the best solution for us could be? We want to avoid paying fees as much as possible, but understand we'll probably need to pay $9k of LMI because we won't have a 20% deposit. Interested in information on interest only loans as well or any work around or option that could be ideal for us. Also, would we qualify for a loan of say $400k with our $28k deposit and 2 dependants on decent terms or would we be disadvantaged because we don't have the 20% deposit? Cheers in advance.