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New Migrant Indian

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

Q: I just got PR. How long until I can get a home loan?

3–6 months income history post-PR typical. Previous Australian income often counts.

Q: I'm on a 482 visa. Can I buy a home now?

Yes — many lenders accept 482 with 20% deposit. FHB Guarantee not available without PR.

Q: I'm an IT contractor on ABN. What about my income?

IT contractor income widely accepted with 12+ months current contract or 2 years history.

Q: Can I use savings from India as deposit?

Yes — with source documentation and 3 months in Australian account.

Q: Should I wait for PR or buy on my current visa?

Depends on situation. We model both visa-buyer vs wait-for-PR scenarios.

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

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.

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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

Free new migrant chat

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

Plan your pathway

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

Compare lender options

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

Settle your first home

You move in with Hindi support throughout.

Frequently asked questions

I just got PR. How long until I can get a home loan?

Most lenders want at least 3–6 months of Australian income history post-PR. Some are more flexible with skilled professionals. Your previous Australian income (on student/work visa) often counts.

I'm on a 482 visa. Can I buy a home now?

Yes — many lenders accept 482 holders, typically with 20% deposit. The First Home Guarantee scheme requires PR/citizenship. Standard lender pathways work.

I'm an IT contractor on ABN. What about my income?

IT contractor income is widely accepted, typically with 12+ months on a current contract or 2 years history. Some lenders are far more flexible. We know which to approach.

Can I use savings from India as deposit?

Yes — overseas savings can be used with documentation showing source. Money needs to be in Australian account 3 months pre-settlement.

Should I wait for PR or buy on my current visa?

Depends on timeline, savings and family priorities. Some Indian migrants buy on skilled visa to stop renting; others wait for PR for FHB Guarantee benefits. We model both honestly.

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

Get your personalised answer in 2 minutes

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