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How we’ve made it easier to:

Get your clients into their property

Same loans, same rates
If your client’s borrowing under their own name, they can apply for the same home loan offers and rates that apply to applicants on a salary.
Fast Track applications
Eligible self-employed clients need only provide two of their most recent personal Australian Taxation Office (ATO) Notice of Assessments (NOAs).
Options for assessment
Clients who don't qualify for Fast Track can opt to include income from their business as part of our standard self-employed assessment.
Medico options
Clients with certain medical professions could qualify for low-deposit home loans (up to 95% LVR) with no LMI on top of our Fast Track assessment.

Our Fast Track process

  •  Check eligibility: if your client doesn't meet the Fast Track criteria, use the standard assessment process
  •  Test serviceability: use 2 years of personal Australian Taxation Office (ATO) Notice of Assessments (NOAs)*  
  •  Choose Fast Track: make the selection in ApplyOnline  
  •  Lodge income: the last two years of personal ATO NOA  

Your client's application then joins the PAYG assessment queue.

*Where capital gains exist on NOA, deduct from taxable income. Ensure rental income and/or negative gearing is not included separately unless income commenced after the NOA period. The application will revert to the standard self-employed assessment process if the applicant doesn't meet Fast Track eligibility. 

Self-employment assessment options

Fast Track assessment

If your client is eligible for Fast Track assessment, they can expect:

  • Assessment without the need to provide business financials
  • Same experience and turnaround as employees on a salary.

Fast Track applies even if your client has a: 

  • PAYG income
  • Rental income
  • Joint application, and one or both of the applicants are self-employed. 

Fast Track eligibility criteria for self-employed clients:

  • Provide personal ATO NOAs for the last 2 years, with capital gains deducted from taxable income 
  • At least 80% LVR, meaning LMI doesn't apply (Medico clients may qualify for an LMI waiver for up to 95% LVR – see FAQ below) 
  • Extra income is not required to meet serviceability as covered using the income from their 2 personal ATO NOAs  
  • Foreign income is not included in their ATO NOAs

Receive a salary from their business, from a partnership or trust, or dividends from their company. 

Standard assessment

If your client doesn't qualify for Fast Track, a standard assessment may enable them to:

  • Include additional income from their business, such as business profits and add-backs 
  • Be assessed on the business's most recent year performance.

Potential for more borrowing power if your client's business: 

  • Shows year-on-year profit growth of 60% or less, we may be able to use the most recent year's income in the serviceability assessment to offer more borrowing power 
  • Assessed on unadjusted profit (i.e. based on profit figures in financials/tax returns), providing certainty even before starting the assessment that we'll use latest year income. 
  • Needs to pay LMI on their loan 
  • Has been operating as a viable business for the last 2 years (see the 'standard assessment, standard serviceability' scenario documentation below).  

Standard assessment and standard serviceability

If your client doesn't qualify for Fast Track, you'll need to provide:

  • Last 2 years of personal ATO Notice of Assessments

Plus, the following extra documentation to show they’ve been operating as a viable business for the last 2 years:

Sole traders: the last 2 years of Personal Income Tax Returns.

Business partnerships, companies and trusts: the last 2 years of 

  • Personal Income Tax Returns  
  • Partnership, Company or Trust Tax Returns  
  • Financial statements, including profit and loss accounts, and balance sheets.  

It’s a good idea to have the following documents ready, to support:

  • Tax-deductible expenses like interest, rental property and one-off expenses, depreciation, asset write-offs, company car deductions and family trust distributions
  • Business liabilities like hire purchases, leases, and term loans. 

Medico assessment

Medico clients that qualify for Fast Track assessment, borrowing up to 95% LVR with no LMI and no minimum income, are: 

  • Dentists  
  • General Practitioners 
  • Hospital-employed Doctors (Intern, Resident, Registrar, Staff Specialist)  
  • Medical Specialists  

Medico clients, on a standard assessment, borrowing up to 90% LVR with no LMI and earnings of at least $90k/year from their occupation are:  

  • Audiologists 
  • Chiropractors 
  • Midwives 
  • Occupational Therapists 
  • Osteopaths 
  • Physiotherapists 
  • Podiatrists 
  • Psychologists 
  • Radiographers 
  • Registered Nurses 
  • Sonographers 
  • Speech Pathologists  
  • Optometrists 
  • Pharmacists 
  • Veterinary Practitioners 


They can retrieve their Notice of Assessments in their MyGov inbox: for step-by-step instructions on how to find them, visit the Australian Government ATO site.

Important information

Credit Criteria, fees and charges apply. Terms and conditions available on request. Based on St.George’s credit criteria, residential lending is not available for Non-Australian Resident borrowers.

This information's been prepared without taking your clients objectives, needs and overall financial situation into account. For this reason, your client consider the appropriateness of the information and, if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent advice on any taxation matters.

The information included on, or accessed via, this website is intended for interest only. The opinions and views expressed on, or accessed via, this website are:

  1. Provided in the writers’ and speakers’ personal capacities and as such are their sole responsibility; and
  2. Such opinions and views are not the opinions and/or views of Westpac and must neither be regarded as constituting advice on any matter nor be interpreted as such.

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St.George - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.