I have tremendous amount of confidence in Brisbane over the next 3-5 years. Wether that confidence is warranted or not is for another discussion (let's not get bogged down in that, there are other threads on this topic). Anyway, I've purchased 3 properties there in the last 12 months and I've hit my serviceability wall. I've had to do some real financial gymnastics to get my last one so I really am at my limit right now, there's no getting around it. So I started thinking, what if I buy an OTP townhouse in a good area (NOT an OTP apartment in the CBD). I figured I could buy something unique in an upmarket area, where there isn't a crazy supply problem, and something that is due to finish in say 24 months. In 24 months I'll either be in a position to go through with it myself, or if not, the market will have gone up enough for me to on-sell the rights for decent CG. So the way I'm looking at it is I'm basically purchasing an option in light of the lack of immediate-term funding. Am I getting a little too greedy here or does this idea sound like it has some merit to it?