Hi,

I have recently been in similar situation to you (same age, income and looking to buy) and found it quite easy to find finance for a home loan up to $280k. Even though your deposit is not that high (neither was mine), you can take advantage of the first-home-owners grant which really made a difference for me. I bought in Qld though so I think the costs involved in the purchase differ from state to state. So depending on the property you are planning to buy, you may be able to borrow straight away! My advice would be to do all your research and then go for it!

TJ