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Home Loan for a Holiday Home in Australia: Second Property Lending

Mortgagefy Broker Team · Published · Last reviewed

Buying a holiday home or second property? Lender treatment differs from your primary residence. Mortgagefy explains the structure options.

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Who this guide is for

Australian homeowners wanting to purchase a holiday home or second property — for personal use, family use, or mixed use with rental income.

The local picture

Holiday home lending is more complex than first home. Lender treatment depends on whether it's personal use only (second owner-occupied) or generates rental income (investment). Coastal property has location risk considerations.

How Mortgagefy helps locally

Mortgagefy works with holiday home buyers. We model treatment as personal vs investment, identify lenders comfortable with regional/coastal property, and structure for tax efficiency.

Free advice.

How it works — 4 simple steps

1

Free holiday home chat

20-minute call about your second property plans.

2

Map structure options

We outline owner-occupied vs investment treatment.

3

Compare lender options

We identify lenders comfortable with regional/coastal property.

4

Settle your holiday home

You acquire your second property.

Frequently asked questions

Is a holiday home owner-occupied or investment for the bank?

If purely personal use: second owner-occupied (better rates). If generating rental income: investment (slightly higher rates). Mixed use treated case-by-case.

Can I use equity from my main home to buy holiday home?

Yes — equity release from primary home is common funding source for second property. Either through refinance or new lend.

How does Airbnb income count?

Some lenders count Airbnb income at full rate; others heavily discount or won't count. Specific lender choice matters significantly for short-stay properties.

Are coastal properties harder to finance?

Some lenders apply discounts to flood-zone or remote coastal properties. Most established beach suburbs treated normally.

Tax deductibility of holiday home?

Personal use: not deductible. Generates rental income: pro-rata deductibility based on personal vs rental days. Confirm with accountant.

Talk to us about holiday home finance

Free 20-minute call about your second property.

Start Your Free Assessment Call 0432 634 648

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