I'm sole trader earning under $75K. Can I still get a home loan?

Yes — through specialist lenders using bank statements with 6-12 months consistency.

How much deposit will I need without BAS?

25-30% deposit typical (higher than full-doc).

Should I register for GST early to build BAS history?

Generally no — adds compliance cost. Specialist no-BAS lenders work.

What documentation works in lieu of BAS?

Bank statements, invoices, accountant letter, personal tax return.

How long until I can refinance to standard rates?

After 2 years of BAS history, typically can refinance to standard rates.

Home Loan Refinancing

Who this guide is for

Newer self-employed Australians without BAS history yet — typically sole traders earning under the GST threshold, or just into their first year of business.

Sole traders earning under $75K (no GST registration required)
Recent ABN holders not yet 12 months in
Side-hustle business owners with secondary income
Newer freelancers and consultants

The local picture

Most self-employed lending requires BAS history. Without BAS, options narrow. Some specialist lenders accept 6-12 months' bank statements showing consistent business income, but documentation is more complex.

How Mortgagefy helps locally

Mortgagefy works with specialist lenders that accept no-BAS scenarios. We document business income through bank statements, invoices, and accountant letters where appropriate.

Free advice.

How it works — 4 simple steps

Free no-BAS chat

20-minute call about your self-employment and target home.

Compare specialist lenders

We identify lenders accepting no-BAS scenarios.

Documentation strategy

We package bank statements, invoices, accountant letters as needed.

Settle your home

You move in with no-BAS structure in place.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Talk to us about no-BAS home loans

Free 20-minute call about your sole trader situation.

Start Your Free Assessment Call 0432 634 648

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Home Loan for Self-Employed Without BAS History