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As usual, thank you all for broadening my views. I now have a much greater appreciation of this space. Also, something I just thought of, as this IP will be in my name alone for the tax benefits, the cash (in offset) and LOC is against a joint IP with my wife. By maximising the new loan and...

Most serious investors appear to borrow more than 80% for subsequent IPs, but this is normally done by using equity from elsewhere, not paying LMI, I believe. I'm looking at about the $350k purchase mark, have $35k LOC to access and approx $70k cash. My intent was to use the LOC first and use...