The short answer
Most lenders need photo ID, proof of income (recent payslips, or tax returns if you are self-employed), recent bank statements showing your savings and spending, and details of any existing debts. Having these ready can speed up approval. Exact requirements vary by lender.
Identity
- Driver licence and/or passport
- Medicare card or birth certificate (some lenders)
If you are employed (PAYG)
- Two recent payslips
- Your most recent PAYG payment summary or income statement
- An employment letter if you are new to the role or on probation
If you are self-employed
- One or two years of personal and business tax returns
- Notices of assessment from the ATO
- Business financial statements
- For low doc loans: BAS, business bank statements or an accountant's letter
Savings, spending and debts
- Three months of bank statements for transaction and savings accounts
- Statements for credit cards, personal loans, car loans and buy now pay later
- Statements for any existing home loans
- Details of rental income if you own investment property
Frequently asked questions
Payslips and bank statements generally need to be from the last 30 to 90 days, depending on the lender. We tell you exactly what is needed for your chosen lender.
Related
General information only. It does not take into account your objectives, financial situation or needs. Lender criteria vary and approval is at the lender's discretion. Homestead is a mortgage broker, not a lender. Last updated 2026-11-04.