Okay, I know that the general consensus on this forum is that OTP is the devil (I myself have echoed that sentiment), and I have purchased an OTP property in the past and know what the pitfalls are. BUT We're sick of renting. I'm so over inspections, hubby wants a bigger space to do his painting, it's really hard to find a place which accepts pets, we're worried we'll be placed at the bottom of the tenant application pile if we decide to find another place to rent (2 adults, 1 dog, baby coming). We're looking to purchase a PPOR and have not come across anything that meets our criteria until now. I've just seen an ad for 4 townhouses on a block, estimated completion Mar 2016. Only one townhouse has been sold so far. Looking at the plans it looks like we could be quite comfortable there for at least the next 5-7 years (maybe even longer), plus it's located in a good public school zone, which works if we have kids, and will aid if we ever decide to sell. Location is good, near amenities, transport, parks, etc. The asking price isn't ridiculous for the area (for once!) and the long settlement time works for us as we're only a few months into our 1 year lease. Other similar properties in the area have are selling for a lot higher than we can afford. Am I crazy for even considering this? Would you go ahead / not go ahead if you were in my position?