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How To Buy a House With Cash Income in Australia

Mortgagefy Broker Team · Published · Last reviewed

Cash business owners can buy homes through specialist alt-doc lenders that use BAS turnover or accountant's declaration instead of low taxable income.

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Who this guide is for

Cash-heavy business owners — restaurants, market stalls, retail, trades — wanting to buy a home despite low taxable income on tax returns.

The local picture

Cash-business owners legitimately have low taxable income (after wages, food costs, depreciation) but strong cash flow. Major banks see only the tax return and decline. Specialist lenders look at the full picture.

How Mortgagefy helps locally

Mortgagefy walks you through the alt-doc process — BAS turnover, accountant's letter, bank statements as income evidence. We identify the right specialist lender.

Multilingual support. Free advice.

How it works — 4 simple steps

1

Free cash business chat

20-minute call about your business and target home.

2

Compare alt-doc lenders

We identify specialist lenders for cash businesses.

3

Documentation strategy

We package BAS, accountant letter, bank statements.

4

Settle your home

You move in via alt-doc structure.

Frequently asked questions

Tax return shows $50K but business turns over $400K — how does this work?

Specialist alt-doc lenders use BAS turnover ($400K) instead of taxable income. Some apply add-backs that further increase assessable income.

How much deposit will I need?

Alt-doc typically 20-30%. Higher than full-doc but workable. With $200K deposit you can target $700K-$800K homes.

What documents will lenders want?

12-24 months BAS, accountant's letter confirming income, 6 months business bank statements, declaration of income.

Are halal alt-doc loans available?

Yes — Australian Islamic finance providers offer alt-doc structures for self-employed Muslim cash businesses.

Can I refinance to standard rates later?

Yes — once you have 2 years of full BAS and tax returns showing consistent income, refinance to mainstream lender at standard rates is typically possible.

Buy a house with your cash business income

Free 20-minute call with multilingual support.

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