Actually, the Amount We Can Borrow is Rather Less...

The lender phoned me this morning. We could borrow up to $690k for a house with a price up to $750k. This is because the stamp duty is about $30k and that has to come out of our deposit and then what's left is not that large a deposit... $750k is about in the middle of the price range of places we have been looking at. So maybe that will work for us. Or maybe we should talk to another lender. In the meantime we will keep saving.