So, I'm debating as to what my strategy should be for buying my first property. Ideally, I want this property to be an investment property without living in it, although, I feel bad passing on stamp duty concessions as a First Home Buyer. I am certain that I would like to start with 20% deposit, and so this is what is limiting my options. Option 1: Buy positively geared unit away from where I live as investment property now for roughly 150-200k with 20% deposit and pay 4-6k stamp duty. Option 2: Continue saving for 20% deposit for local house/unit for 400k roughly and live in it for 6 months to avoid paying 12k stamp duty. This may take 2 or 3 more years. Essentially, I am asking whether you guys think this saving of 12k is worth it or should I just jump into the market now? Please point it out if I have missed something obvious here.