03 Jul 2025 Podcast: Finance File – Relocating and Buying Interstate Impacts on Borrowing Capacity
In this week’s episode of You Have My Interest, we run through a real-life finance file where we helped a couple, originally from South Africa and now permanent residents in Australia, secure their first home while relocating interstate. With only one applicant’s income able to be used for servicing, since the other applicant’s job couldn’t continue in the new state, we explored how this impacted their borrowing capacity and how we structured their loan.
We cover how they built up genuine savings, including using the First Home Super Saver Scheme, why they chose to borrow 93% of the property value while keeping a solid savings buffer, and break down the loan structure and product features they’ve gone with.
This episode highlights the key considerations when buying your first home in Australia, especially when relocating and navigating different lender requirements. If you’re planning an interstate move, purchasing your first home, or curious about how lenders assess income and savings in unique scenarios, this episode is for you.
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
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Find out more about You Have My Interest at everlend.com.au/podcast and connect with us at podcast@everlend.com.au
You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.
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