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There are constant rumours about possible new Macs being imminent. They usually have the accuracy of a stopped clock.
It’s worth checking the refurb store (items are generally indistinguishable from new, same warranty). No 27s right now though.
https://www.apple.com/uk/shop/refurbished/mac/imac
Thanks for the advice everyone... I was leaning towards the 27 but wasn’t sure if I was being stupid.
I’ll do a little research towards the new releases and I’m sure I know someone I can get the education discount from.