Situation - 26y/o - Income is around $80k net per year. - 5 IP's currently total combined loans of $1,378,217 at 4.3% IO for 5 years and with still around 25-29 years remaining on the loans. $160,000 sitting in offset accounts. Combined LVR is sitting at 75%. Bank has valued my portfolio at $2,278,000. - Just purchased IP number 6 which settles Sept 2016 and loan has been approved at 100% (made up of 80% loan + 20% equity from existing 5 IP portfolio) for $438,000. I have to come up with the stamps plus costs. This purchase will bring my combined LVR nudging 80%. My question is: Option 1: Should I take out the full 100%? Option 2: Only take out 80/90% and put in more of a down payment to not put myself in a higher combined 80% LVR position. The reason I ask is if I want to purchase IP 7 in a years time lets say. My lender has said I would only be able to get a 80% loan not 100%. Unless I start paying down my debt or put in monthly payments from my offset account to pay down the principal to show that I can service it (which pretty much means P&I however just that I'm only taking out a interest only loan and payment down debt monthly as I go or have the flexibility of whenever I want). Rather than having it sitting in my offset which the bank deems it to be "I can take it out whenever I want and spend it" sort of thing. I want to keep growing my portfolio and not come to a serviceability wall. Maybe it's time to Circle The Wagons For A While Stage after this purchase. Look forward to hearing what advice you all have to offer.