Self-employed and ABN
The question is how to evidence sustainable income, not simply how much passes through a business account. Start by separating turnover, business profit and income available to you, and make the business structure clear.
Self-employed borrowers can be considered for home loans, subject to income evidence, affordability, business history and lender policy. The first step is establishing what the available documents show.
Further reading: ANZ: self-employed home loans
An ABN helps prove business activity, but lenders usually need income evidence such as tax returns, BAS, bank statements, or accountant support.
Further reading: ANZ: self-employed home loans
There is no universal ABN-history rule across lenders. Confirm trading-history and documentation requirements for the lender under consideration. A one-year financials option does not automatically mean a one-year-old business qualifies.
Further reading: ANZ: self-employed home loans
Possibly. Some borrowers use one-year financials, BAS, business statements, accountant letters, low-doc, or alt-doc pathways.
Further reading: ANZ: self-employed home loans
A low-doc home loan uses alternative income evidence for self-employed borrowers who cannot provide the standard full financials.
Further reading: ANZ: self-employed home loans
Some lenders use BAS for low-doc or alt-doc applications, but BAS shows turnover, so profit, expenses, and lender policy still matter.
Further reading: ANZ: self-employed home loans
Banks may use tax returns, notices of assessment, BAS, net profit, add-backs, business debts, and income consistency depending on policy.
Further reading: ANZ: self-employed home loans
Possible add-backs include depreciation, one-off expenses, some interest costs, and certain non-cash expenses, but every lender treats them differently.
Further reading: ANZ: self-employed home loans
Yes. Sole traders usually need income evidence, tax documents or alternatives, clean banking conduct, and a lender that accepts the business story.
Further reading: ANZ: self-employed home loans
Yes. Lenders may review director wages, company profit, retained earnings, liabilities, financials, and personal income documents.
Further reading: ANZ: self-employed home loans
No. Documentation requirements differ. ANZ, for example, describes using one financial year of tax statements for most self-employed applications, with other eligibility conditions. One year of financials is not the same as only one year in business; your trading history and full circumstances still need checking.
Further reading: ANZ: self-employed home loans
Turnover is business revenue before expenses; it is not the same as profit or personal income available for repayments. Prepare financial statements, tax information and business debt details so the broker can examine how income is evidenced. Avoid entering gross turnover as salary in a borrowing calculator.
Further reading: ANZ: self-employed home loans
Bring your current contracts, payment history, ABN and business structure details, tax records and existing debts. Explain whether you work for one client or several and whether a contract has an end date. The broker can then identify the income and continuity questions for the lender.
Further reading: About NewGen and its services
Yes. Tell your broker about tax debts and payment arrangements, including balances, scheduled payments and whether payments are up to date. Provide accurate records so the proposed borrowing can be assessed alongside existing commitments. An arrangement does not by itself establish loan eligibility.
Further reading: About NewGen and its services
Share your goal and contact details. NewGen can discuss the next step for your circumstances.
