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I would.... borrow up to 80% against the existing property but only use enough for the deposit of the new purchase and then go 80% for the new purchase. Any surplus is there (either by way of an offset split or LOC) ready to go for the next purchase, renovation, etc). I try and borrow as much...

Im not saying OTP is bad (ok im saying its bad) but im trying to say that with any strategy you need to weigh up the pros and cons and see if it fits in with your strategy. Have you considered other strategies like a buy, get DA and develop? Take the hit on yield, invest a bit of time and get DA...

Also the proverbial with hit the fan when you go to do your finance in 1.5 years time and by then your financial situation has completely changed and the developer will have no mercy of a delayed settlement. You have better chances of having Angelina Jolie ask you out to the movies than...

Do you understand all the risks associated with OTP? e.g. but not limited to: 1. Potential for valuation to come back low upon completion 2. Delays in completion 3. Poor quality workmanship not evident until upon completion in which case its too late to back out 4. Generally higher strata...