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Security Guard

Security Guard Home Loan Australia: Real Lending for Shift Workers

Q: Will banks count my overtime as income?

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

Q: I work casual shifts at 2 different security companies. Will lenders accept that?

Yes — multi-employer casual income acceptable. Some lenders much better than others.

Q: How much can I borrow as a security guard?

On $75K total income + 20% deposit: typically $500K–$650K.

Q: I have a security licence — does that help?

Indirectly — demonstrates employment continuity. Lenders focus on income.

Q: Can I use the First Home Guarantee?

Yes — eligible security guards can use FHB Guarantee. Income/price caps apply.

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

Security guard income — shift work, overtime, weekend penalties, sometimes multiple employers — banks default to conservative assessments. Mortgagefy knows lenders who count it properly.

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Who this guide is for

Australian security guards — full-time, part-time, casual, multi-employer — wanting home loans that recognise overtime, weekend penalties and shift loadings.

Full-time security guards with regular shifts and overtime
Casual security guards working multiple sites
Security guards combining day job with night/weekend security work
South Asian and migrant security guards needing cultural support

The real challenge

Security guard total earnings often include significant overtime, weekend penalties and shift loadings — which can be 30–50% of total annual income. Major banks often discount these to 80% (or worse), understating actual income significantly.

Specialist lenders count overtime and shift loadings at 100% with consistent history.

How Mortgagefy helps

Mortgagefy works with lenders who properly assess security guard income. We document overtime and shift loadings to maximise serviceability and identify lenders flexible with multi-employer applications.

Free advice. Honest assessment of what you can actually borrow.

How it works — 4 simple steps

Free security guard chat

20-minute call about your shifts, overtime patterns and target home.

Compare lender options

We identify which lenders maximise borrowing for security guard income.

Application package

We compile your payslips, employment letters and overtime documentation.

Settle your home

Approval through to settlement with ongoing support.

Frequently asked questions

Will banks count my overtime as income?

Some banks count overtime at 80% with 6 months' history; others count 100% with 12+ months. For security guards where overtime is a major part of income, the lender choice makes a real difference.

I work casual shifts at 2 different security companies. Will lenders accept that?

Yes — multi-employer casual income is acceptable. Some lenders handle multi-employer better than others. We choose lenders comfortable with the structure.

How much can I borrow as a security guard?

Depends on income (including overtime), deposit and debts. For a security guard on $75K total income with 20% deposit, $500K–$650K borrowing is commonly achievable.

I have a security licence — does that help?

Indirectly — your security licence demonstrates ongoing employment legitimacy and continuity. Lenders care about income consistency, not licence type per se.

Can I use the First Home Guarantee?

Yes — eligible PR/citizen first home buyers including security guards can use the FHB Guarantee. Income caps and property price caps apply.

Get a security guard home loan assessment

Free 20-minute call about your real options including overtime and shift loadings.

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