How much can I borrow on $1,500/day IT consulting?

$1,500/day = ~$350K gross / $280K–$320K net. With 20% deposit: $1.8M–$2.2M borrowing.

I just signed a new 12-month contract. Can I apply now?

Yes — with 2+ years of overall consulting history. Better lenders look at trajectory.

I PAYG through my own Pty Ltd. Does that change borrowing assessment?

PAYG via own Pty Ltd gives payslips. Mainstream lenders prefer this. Total income counts.

Can I include bonuses in my borrowing capacity?

Depends on lender. 80% to 100% of bonuses with consistent history.

Are there special professional packages for IT consultants?

Yes for higher incomes ($200K+) — reduced rates and waived LMI at higher LVR.

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IT Consultant

IT Consultant Home Loan Australia: Maximum Borrowing for Tech Professionals

Mortgagefy Broker Team · Published 2026-04-29 · Last reviewed 2026-04-29

IT consultant income — daily rate ABN, fixed term contracts, mixed PAYG and consulting — banks default to lower assessments. Mortgagefy knows lenders who maximise IT consultant borrowing.

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Who this guide is for

Australian IT consultants — independent ABN consultants, fixed-term contractors, hybrid consulting + employment — wanting home loans that maximise borrowing on technical professional income.

Independent IT consultants on $1,000–$2,000 daily rates
Fixed-term contract IT consultants in Sydney CBD or Parramatta
Specialist IT consultants (cybersecurity, cloud, data) with niche premium rates
Indian, Pakistani, Sri Lankan and Bangladeshi IT consultants needing cultural support

The real challenge

IT consultants typically earn strongly but face the same self-employed lending barriers as other ABN income. Major banks default to conservative day-rate assessments and may understate borrowing capacity by $200K–$500K.

Specialist lenders treat IT consulting income properly — particularly with 2+ years' history.

How Mortgagefy helps

Mortgagefy specialises in IT consultant lending. We document your contract structure, daily rate or invoice income, and identify lenders that maximise borrowing capacity for tech professionals.

Hindi/Urdu/Bengali support available. Free advice.

How it works — 4 simple steps

Free IT consultant chat

20-minute call about your contract structure, day rate, history and target home.

Compare lender options

We identify lenders that maximise IT consultant borrowing.

Application package

We compile your contracts, invoices, tax returns and bank statements in lender format.

Settle your home

Approval through to settlement with ongoing support.

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.

Get an IT consultant home loan assessment

Free 20-minute call about your real borrowing capacity as an IT consultant.

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Get your personalised answer in 2 minutes

Free, no obligation. We'll match you with the right lender for your situation.

Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.