Evening All

[JAZZCNC]

Needs:
Cutting area of 1250mm x 650mm (quarter sheet 8x4)
Z axis 60mm (unless you think I would need anything more)

Perfect dimensions and you'll have much stronger machine.

Recommendations on easy to grasp designs software as currently I do the 2d vector work in adobe illustrator and open it in aspire (if that works do I need to change it, is there an easier way?)

Nothing wrong with that setup so if your used to it stay with it.

Wants:
Mill aluminium / Other soft metals (no idea on steel?)
Cutting area of half 8x4 sheet (would love it but as you said it would sacrifice quality so..)
Some sort of self homing would be nice (if only on the Z axis)

Light duty Aluminium work will be possible but don't expect too much. Don't Even think about Steel.!!

Homing is easy and on All axis. However when you say Homing do you actually mean Homing to Fixed location using HOME Switch or are you meaning touch plate for setting the Z zero work coordinate.?
Two completely different things but both very easy to have and for hardly any cost.

Also as I'm making space this weekend do I need a metal stand for the machine or will a well built wooden unit work ok?

Good Strong wooden bench will work fine.