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Thank you for your responses. Much appreciate it.

Thank you Terry_w This sounds like an opportunity to get a bargain or two, but I'm a bit wary about the downsides. How soon should I borrow 80% after the purchase if I chose to pay 'cash' for IP? How risky is this in comparison to taking 20-25% out of LOC and borrowing 80%? A silly...

My LoC is secured against my PPoR. I'd like to keep my investment loans separate from my 'home finance' bank. I am just about to get a loan for my first IP from a different lender, therefore my 'main' bank is not aware about it. I guess, the borrowing capacity may change once the first IP loan...

I am trying to figure out my options and their implications: Currently Existing LoC: $275K Borrowing capacity (same bank): $635K (if I wanted to borrow from the same bank but I won't do that) I am building my first IP in Brisbane so the loan will be $350K. My bank is not aware about this...