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Mechanic / Auto Trade

Mechanic Home Loan Australia: Real Lending for Auto Trade

Q: I own my own workshop. Will banks lend to me?

Yes — through specialist lenders. 2 years BAS + tax returns. Equipment depreciation often added back.

Q: I'm PAYG with overtime — will banks count it?

Depends on lender. Some 80%; others 100% with 12+ months overtime history.

Q: My workshop has a business loan on equipment. Does that hurt home loan?

Yes — business loans reduce serviceability. Some lenders treat business loans differently.

Q: How much can I borrow as a workshop owner on $90K net?

On $90K net + 20% deposit: typically $580K–$720K.

Q: I work for a dealership on PAYG. What's my borrowing capacity?

On $95K total + 20% deposit: typically $600K–$750K.

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

Whether you're a workshop owner with ABN income, a contracted mechanic, or PAYG employed — Mortgagefy knows lenders who treat mechanic income properly.

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Who this guide is for

Australian mechanics — workshop owners, contracted ABN mechanics, and PAYG-employed mechanics — wanting home loans that maximise actual income.

Workshop owner mechanics with ABN and 2+ years trading
Contracted ABN mechanics working for dealerships or businesses
PAYG-employed mechanics with overtime income
South Asian and migrant mechanics needing cultural support

The real challenge

Mechanic income splits across two main types — both with lender challenges. Workshop owners face self-employed lending complexities. PAYG mechanics often have significant overtime that banks discount aggressively.

Specialist lenders handle both well — counting overtime at 100% for PAYG, and accepting BAS-based income for ABN workshop owners.

How Mortgagefy helps

Mortgagefy works with lenders that maximise mechanic borrowing capacity. For workshop owners, we use BAS and tax returns with appropriate add-backs. For PAYG mechanics, we choose lenders that count overtime properly.

Free advice. Honest assessment.

How it works — 4 simple steps

Free mechanic chat

20-minute call about your structure (workshop owner, ABN contractor, PAYG), income and target home.

Compare lender options

We identify which lenders maximise borrowing for your specific structure.

Application package

We compile your tax returns, BAS (if ABN), payslips and supporting documents.

Settle your home

Approval through to settlement with ongoing support.

Frequently asked questions

I own my own workshop. Will banks lend to me?

Yes — through specialist lenders. With 2 years of BAS and tax returns showing consistent income, workshop owners are treated similarly to other small business income. Equipment depreciation can sometimes be added back.

I'm PAYG with overtime — will banks count it?

Some lenders count overtime at 80%; others count 100% with 12+ months' history. For mechanics where overtime is a major component, lender choice matters significantly.

My workshop has a business loan on equipment. Does that hurt home loan?

Yes — existing business loans reduce home loan serviceability. Some lenders treat business-purpose loans differently from personal debt. We model your specific position.

How much can I borrow as a workshop owner on $90K net?

For a workshop owner on $90K net (after expenses) with 20% deposit, $580K–$720K borrowing is commonly achievable depending on debts.

I work for a dealership on PAYG. What's my borrowing capacity?

For a PAYG dealership mechanic on $80K base + $15K overtime with 20% deposit, $600K–$750K borrowing commonly achievable.

Get a mechanic home loan assessment

Free 20-minute call about your real options — workshop owner or PAYG mechanic.

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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.