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New Migrant Indian

New Migrant Indian Home Loan Sydney: Your Path to First Home Ownership

Mortgagefy Broker Team · Published · Last reviewed

Newly arrived in Sydney from India on PR or skilled visa? Mortgagefy helps you navigate the Australian home loan system with Hindi support and IT-contractor specialist knowledge.

Start Your Free Assessment 0432 634 648

Who this guide is for

Indian families and individuals newly arrived in Australia who want a clear plan for home loan eligibility — even if you're 1–2 years away from being ready.

  • Indian PR holders within first 2 years in Sydney
  • Skilled visa holders (482, 491, 189, 190) wanting clarity
  • Indian IT professionals on contractor or PAYG income
  • Indian healthcare professionals (doctors, nurses) considering early purchase

The real challenge

Newly-arrived Indian migrants face the chicken-and-egg problem all new migrants face: banks want Australian income history. Add visa-status complexity (482 vs 491 vs PR), IT contractor income nuance, and the language barrier — and the system feels closed.

Most general brokers don't handle new-migrant Indian scenarios well.

How Mortgagefy helps

Mortgagefy works with newly-arrived Indian families regularly. We explain in Hindi how the Australian system works, when you can apply by visa subclass, what documentation you need, and which lenders work well for newly-PR or skilled-visa Indian borrowers.

We're happy to chat early — even if you're 12+ months away from being ready. Free advice, no pressure.

How it works — 4 simple steps

1

Free new migrant chat

20-minute call (Hindi support) about visa status, income and timeline.

2

Plan your pathway

We map out what you need — Australian income history, deposit, credit file — to be ready.

3

Compare lender options

When ready, we compare 30+ lenders for the right fit.

4

Settle your first home

You move in with Hindi support throughout.

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.

Newly arrived from India? Plan your home loan path

Free 20-minute call with Hindi support — even if you're 1–2 years from buying.

Start Your Free Assessment Call 0432 634 648

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