Can I Use Airbnb Income To Get A Home Loan?
Yes, in some cases you can, but it depends on the lender.
Not all banks will accept income from Airbnb or other short-stay accommodation when assessing your borrowing power. Because this type of income can be inconsistent, many lenders apply stricter policies or only use a portion of it.
That said, some lenders are more flexible and may consider Airbnb income if it is regular, well-documented, and supported by a strong overall application.
How Do I Qualify For An Airbnb Income Home Loan?
- Generally, lenders will take 70% of the gross rental income from an Airbnb property.
- If the income is seasonal, it may be discounted even further.
- You’ll usually need to provide your most recent tax return showing the property’s income and expenses.
- Some lenders will accept the market rent shown on the lender’s valuation.
- Some lenders will accept an annual financial year statement issued by the managing agent or platform.
Because lender policy varies, choosing the right lender can have a major impact on your borrowing power and approval chances.
Can I Buy An Airbnb Investment Property With A Home Loan?
We can help you get a home loan to buy a property to rent out to short-term Airbnb renters.
The key to getting approved for a mortgage is the property type and the location:
- Studio apartment: You can borrow up to 95% of the property value for apartments over 50m2 and between 80-90% for units between 18-50m2.
- High-density unit: https: Each lender has a different appetite for accepting properties in high-density locations, and this can restrict your borrowing power.
- Location: Generally speaking, properties located in major cities and regional centres are more readily accepted than rural locations. Try the postcode calculator to find out if your property will be accepted.
- Properties that are otherwise unique: This includes hobby farms and large rural blocks, bushfire prone properties, flood zone properties, hotel units, and warehouse conversions.
See What You Can Borrow With Airbnb Income
If you are using Airbnb or short-stay rental income to qualify, or you are looking to buy an Airbnb investment property, the right lender can make all the difference.
That is why it helps to get advice upfront, especially when lender policies can vary so widely.
Call us on 1300 889 743 or fill in our online enquiry form to discover if you qualify for a home loan.
Frequently Asked Questions
What Should I Check Before Buying An Airbnb Property?
- Check whether the strata by-laws allow short-term letting.
- Make sure you understand the local rules governing short-stay accommodation.
- Declare all Airbnb income to the ATO and keep proper records.
- Review your insurance carefully, because platform protection does not replace a suitable home, landlord, or specialist short-stay policy.
- Be realistic about the extra work involved, including guest communication, cleaning, bookings, and ongoing property management.
Do Short-Term Rentals Always Generate Higher Returns Than Long-Term Rentals?
Can Local Short-Stay Rental Rules Affect My Airbnb Home Loan Application?
Is An Airbnb Considered A Commercial Property?
Will I Pay CGT When I Sell My Airbnb Property?
Can I Claim Depreciation On My Airbnb Property?
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