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Zos, you draw the IP deposit plus purchasing costs from the LOC and borrow the remaining 80% amount required to complete settlement secured against the new purchase.

Thats it.....sometimes its the simple things are often the best. :)

$150k income with a $630k PPOR. States he has borrowing capacity of further $800k.

If there is no plans to turn your currently ppor into an IP then put the $200k to pay it down. Then refinance out again to use for investment purposes. Correct Zos or any other personal (non income producing) debt you may have.

If you dont have equity to borrow against then your cash is the next alternative...but in general terms use as little as your money as possible.. Its cheaper to use borrowed funds... keep your cash for reducing/paying out non deductible debt first. As TerryW suggest. possible put you cash...