So long story short, I'm looking at having bought my first property by the end of 2015 however I know banks are hesitant to loan me due to my low taxable income. Thing is, I have an income, it's a very unique situation where I receive monthly "gifts" from overseas (family trust account, of which I am not a trustee/owner), which the tax office have informed me many times, is fine/untaxable.
And now I'm working as a subcontractor, via an ABN, so my actual taxable income is low and varied. Are there any banks who would look at my actual bank account (and see the consistent income) or do they *only* look at my notice of assessments? (Which make me look very poor.)
Any alternatives to getting a first home, where I have a solid income, but a low taxable income?
And now I'm working as a subcontractor, via an ABN, so my actual taxable income is low and varied. Are there any banks who would look at my actual bank account (and see the consistent income) or do they *only* look at my notice of assessments? (Which make me look very poor.)
Any alternatives to getting a first home, where I have a solid income, but a low taxable income?