What documents do I need for a successful mortgage application in Australia?

When applying for a mortgage in Australia, you will need to provide several important documents to successfully prove your identity, financial situation, and overall ability to repay the loan in a timely manner. Here’s a helpful checklist of the key documents that are typically required during this process:

1. Identification Documents

2. Income Documents

3. Bank Statements & Savings History

4. Liabilities & Expenses

5. Property-Related Documents

6. Other Supporting Documents

1. Identification Documents

• Passport or driver's license

• Birth certificate (if applicable)

• Medicare card

• Proof of residency (if not an Australian citizen)

2. Income Documents

• For salaried employees:

  • Recent payslips (usually last 2–3 months)

  • PAYG payment summary or tax return (last financial year)

  • Employment contract or letter from your employer (confirming salary, position, and length of employment)

• For self-employed individuals:

  • Business financial statements (last 2 years)

  • Personal and business tax returns (last 2 years)

  • Notice of Assessments (from the Australian Taxation Office)

  • Company and Trust Financial Records' details vary depending on the lender.

3. Bank Statements & Savings History

• Personal bank statements (last 3–6 months)

• Savings account statements to show genuine savings

• Investment statements (if applicable)

4. Liabilities & Expenses

• Credit card statements (last 3–6 months)

• Personal loan or car loan statements

• HECS/HELP debt statement (if applicable)

• Other ongoing financial commitments (e.g., child support, buy-now-pay-later schemes)

5. Property-Related Documents

• Contract of sale (if you’ve found a property)

• Deposit receipt

• Council rates notice (for refinancing applications)

6. Other Supporting Documents

• First Home Owner Grant (FHOG) application (if eligible)

• Rental income statements (if using rental income)

• Gift statutory Declaration (if receiving financial help from family).

Lenders may request additional documents depending on your particular financial situation and the specific type of loan you are applying for. It’s always a good idea to check directly with your lender or mortgage broker for their unique and specific requirements to ensure a smooth process.

Would you like assistance finding a suitable mortgage that meets your specific needs, or would you prefer to understand better the various loan types available in today's market? If so, book a complimentary 30-minute discovery call today and let us help you build your property portfolio.