How Self-Employed Home Buyers Can Advantage of Unit Affordability
Getting into the property market can be challenging when you're self-employed, but there may be opportunities to make both the purchase price and finance more achievable.
According to PropTrack’s June Home Price Index, units are becoming an increasingly attractive pathway into home ownership. At a national median price of $735,000, they cost $266,000 less than the median house price of $1.001 million.
That affordability is attracting more buyers, with unit searches on realestate.com.au increasing from less than 30% of all property searches in late 2020 to 38.8% of searches today.
Pair that with more flexible lending, and home ownership may be closer than you think.
Direct Credit Home Loans offers eligible self-employed borrowers low-doc and alt-doc home loans, which may not require two years of financial statements. Instead, income may be verified using your:
Two most recent lodged BAS statements
Accountant’s Income Declaration
Six months of business bank statements
Looking for flexible lending?
If you’re self-employed and considering a unit or a house, Direct Credit Home Loans can help you explore flexible lending solutions tailored to your circumstances. Contact us on (07) 3726 1124 or email [email protected] to discuss your options.
