The challenge
The deposit and income did not fit a generic calculator.
The couple had a smaller deposit, while part of the applicant’s remuneration came from bonus and STI. They also wanted the loan structure considered with a possible future investment conversion in mind.
The work
Confirm eligibility, document the income, compare policy.
- Reviewed an eligible 5% deposit pathway and its current rules
- Accounted for available first-home stamp-duty support
- Documented the incentive-income history
- Selected a lender whose policy could recognise the supported income
- Considered their future plans when discussing loan structure
The outcome
The purchase proceeded with a longer-term plan.
The couple purchased an $850,000 Sydney property with a low deposit and greater clarity about how a later change in use would need to be reviewed.
First-home schemes have eligibility, price, income and occupancy rules that can change. Eligibility must be confirmed against current official requirements; approval is not guaranteed.
Related help
Check the deposit and income pieces.
First-home buyers
Plan the deposit, costs, schemes and loan together.
Explore first-home loans →Bonus income
See how evidence and lender policy can affect assessment.
Explore variable-income loans →