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Taxi Driver Mortgage Australia: Lending for Plates & Cash Income

Mortgagefy Broker Team · Published · Last reviewed

Taxi driver income — plates, ABN, irregular cash — historically gets rejected by major banks. Mortgagefy knows lenders who understand taxi income properly.

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Who this guide is for

Australian taxi drivers — owner-operators with plates or bailee drivers — wanting home loans from lenders who understand traditional taxi income.

  • Owner-operator taxi drivers with their own plates and ABN
  • Bailee taxi drivers paying lease to plate owner
  • Long-term taxi drivers (5+ years) with established BAS and tax history
  • Migrant taxi drivers (Indian, Pakistani, Bangladeshi, Afghan) wanting language and cultural support

The real challenge

Taxi driving has been the original gig economy long before "gig economy" was a phrase. ABN income, irregular cash, plates leasing structures, owner-operator vs bailee models — most major banks just say no. They don't want the complexity.

Specialist lenders understand taxi income — particularly for long-term operators with 2+ years of BAS and tax history.

How Mortgagefy helps

Mortgagefy works with lenders who accept taxi driver income — both owner-operator and bailee. We help document your consistent BAS turnover, address plates income/expenses correctly, and present the application in the lender's preferred format.

Free advice. We know which lenders to approach for taxi drivers, and which to avoid.

How it works — 4 simple steps

1

Free taxi driver chat

20-minute call about your structure (owner-operator vs bailee), trading history and target home.

2

Compare specialist lenders

We identify lenders who accept taxi driver income at workable terms.

3

Application package

We compile your tax returns, BAS, plates documentation and bank statements.

4

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 a taxi driver mortgage assessment

Free 20-minute call about your real options — owner-operator or bailee.

Start Your Free Assessment Call 0432 634 648

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Mortgagefy

Sydney mortgage broker — Specialist in self-employed and unconventional income loans

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