If you're dreaming of buying a home or securing an investment property, but don’t have a full-time job, you might be wondering if a home loan is still within reach. The good news? Yes, it’s possible to get approved for a home loan without being employed full-time.

Banks Look Beyond Full-Time Employment

Banks assess a borrower’s ability to repay the loan. While having a full-time job offers stability, it's not the only way to prove income. If you're self-employed, working part-time, contracting or earning income from other sources like investments or rental properties, you may still qualify for a home loan.

To strengthen your application, focus on the following:

1. Prove Stable Income

Whether you’re a self-employed or part-time worker, banks want to see a consistent income over time. This might involve showing:

• Tax returns from the past 1–2 years (especially if you’re self-employed)
• Bank statements showing regular income
• Rental income from an investment property
• Government payments or pensions

2. Lower Your Debt and Expenses

Reducing credit card limits, paying down personal loans, and minimising expenses can boost your borrowing power. It shows lenders you manage your finances well, even without a full-time wage.

3. Save a Decent Deposit

A larger deposit (e.g. 20% or more) can improve your chances. It reduces the lender’s risk and might even help you avoid Lenders Mortgage Insurance (LMI).

4. Work with a Mortgage Broker

A mortgage broker can be a game-changer. They understand which lenders are more flexible with employment types and can match you with a home loan or investment loan that suits your situation. Brokers also help you prepare your paperwork and present your case in the best possible light.

What About Buying an Investment Property?

If you’re purchasing an investment property, lenders may consider the expected rental income as part of your overall income. This can be helpful if you don’t have a traditional salary but are looking to grow wealth through property.

Keep in mind, though, that lenders will still assess whether you can cover repayments if the property is vacant or rents drop, so having additional income or savings helps.

Final Thoughts

You don’t need a full-time job to get a home loan in Australia — but you do need to show lenders that you're financially stable. With the right documents, a good deposit, and the support of an experienced mortgage broker, your property dreams are still possible.