Advice on getting a new bike.

Hi /r/motorcycles I'm at a bit of a crossroads on what to do. I'm an Australian who's about to go on their Rdate which means I can't ride powerful motorcycles for another year. A few weeks back my bike was stolen and I was paid out. I have the option to get an mt07(650cc version) but have to take out a 3k loan + 1k for insurance or pay 4k outright for a bike and not have to deal with a loan.The crossroads I'm at is that the 4k bike market in my state South Australia seems kinda bad and I'm pining for something bigger than 300cc (old bike was 250cc) should I just suck it up get a smaller bike and wait until I'm unrestricted to upgrade to say an mt09 or unrestricted mt07. If I do just end up paying 4k for a bike would a cb500f be okay (there's one available for 5k but I'll try negotiate) or some two up riding lightly in the hills but mostly city? via /r/motorcycles https://www.reddit.com/r/motorcycles/comments/fkolyp/advice_on_getting_a_new_bike/?utm_source=ifttt