Hi forumites, first post here! Wanted to see what people's views are of OTP's in regional areas? I know there is a fair bit of disdain for OTP's in general. The one we are looking at is in Ballarat. Pros: We can buy one right now- we have enough for the 5% deposit and would have enough saved by completion mid next year to cover the additional 5-6%, by which time hopefully the value has gone up a bit Massive stamp duty savings Good depreciation Cons: ? If you were in our position (DINK excellent salaries but savings currently very low due to two recent property purchases + reno), would this be an option for you? Or should we stop being impatient and save up/ accumulate equity before purchasing? The stamp duty savings are a big one for me, especially in Victoria where it is so high !