Hi all, Another lurker (also lurked on Somersoft for a bit) first time poster. My partner and I are preparing to buy our first home somewhere in Melbourne, and I have a few questions about what to do. As way of background, I earn approximately 100k p.a. and she earns approximately 90k p.a. excluding super. We only began saving recently and have about 25k in the bank. We are aiming to save at least 4k per month (hopefully more if nothing unexpected happens) until we have enough to purchase a property. We're looking to purchase a property around the ~650k – ~750k mark. A property below 600k would be great to get the stamp duty reduction but I'm worried we may have to compromise on location or the property itself to achieve this. This is something we’ll consider further as we continue to save. From reading other threads I understand 95% LVR loans for PPORs are still around and that some lenders allow you to capitalise the LMI on top of this. If so, for a 700k loan roughly how much would we need to have saved up front to cover anything? Is 10% a good guideline? Secondly, another thing I've learnt from this forum is that using a broker can be particularly beneficial especially when starting out. What I'm not clear about is what is the best point to actually engage a broker. Should we wait until we have enough cash saved and are ready to go, or does it make sense to approach a broker sooner? If so, what should we be asking/seeking at this point? Thanks in advance for any assistance and for creating the wonderful resource that is Poperty Chat.