Good to see your interested in having a go . Also good to see that your researching the costings properly . Very important .
That said , I see you have a mortgage . First thing you need to do is pay that off . You will automatically be getting a return equal to your interest rate plus capital gain . While rates are low , it's a good time to get ahead . They won't be this low forever .
Once you have paid off your house , borrow against it . Then your costs become tax deductible as opposed to now.
Sounds like your house may be worth a fair bit and it has been going up . You need to factor in it's capital gain and remember , it's cgt free . Sydney 10+ % in the last year ? That probably adds up to quite a bit rather than some place you don't know much about .
I like your comment about timing the market . I've never met anyone who has been able to time either the stock market or the property market , except for on hc !
Btw , while your paying off your house , keep doing property research . That way , when the time comes you will be able to make a really informed choice.
