Bluestone Home Loan Review 2026

Bluestone is usually worth a look when a bank says no because your income documents or credit history do not fit its checklist. It has 4 residential tiers, so an old credit problem does not automatically put every borrower into the most expensive option.

That flexibility has a cost. Your rate and fees depend on the tier, deposit, property and documents, and a residential risk fee can be added to the loan. We'll compare how much you could borrow, the deposit you'll need and what the loan will cost against your other options.

Bluestone also funds Connective Elevate, a separate range available through Connective-accredited brokers. Our Connective Home Loans review explains where Elevate fits. Compare the actual offer, because its pricing and features aren't automatically identical to a Bluestone-branded loan.

Bluestone uses 4 tiers: Prime, Near Prime, Specialist and Specialist Plus. The tier affects the rate, fees, maximum loan and how much deposit or equity you may need.

We'll look at what happened, when it happened and how your repayments have gone since, then check which tier could give you the lowest cost.

A small paid default does not always mean a higher-priced loan. Prime can now consider paid defaults totalling up to $1k, up from $500. Near Prime has room for larger or older defaults, including totals up to $3k under its current policy. The amount alone does not decide the result. We check when it was recorded, whether it has been paid and how your repayments have gone since.

If a default, bankruptcy or debt agreement is part of your application, start with our bad credit home-loan guide. It explains what lenders usually want to see before you apply.

Changed employers more than twice in the past year? That no longer keeps you out of Bluestone's Prime tier on its own. Bluestone wants a short explanation of your job changes and the reason for any gap longer than 30 days. Keep your start and finish dates handy, along with your current contract and payslips.

Our home loans after starting a new job guide compares the other options before you apply.

You don't always need 2 years of tax returns to apply. Bluestone's Prime full-document loans can now use 1 year of returns and the matching notice of assessment, instead of 2 years. Your business still needs to meet the trading-history requirements below.

Bluestone also offers alternative-document loans, but Hunter Galloway does not arrange low-doc or alt-doc loans. We can check whether the 1-year full-document option fits your records. Our low-doc home loan guide explains the difference.

Our self-employed home-loan guide explains why 2 lenders can reach different income figures from the same business records.

Bluestone may use a smaller safety margin than many banks on some Prime and Near Prime loans at 70% of the property value or less. This can improve the result, but the deposit, credit tier and rate all need to fit.

Bluestone currently offers variable-rate lending rather than fixed rates. The maximums below are advertised limits, not the amount every borrower can receive.

Planning a new build? Our construction loan guide explains progress payments, valuations and the checks to complete before you sign a building contract.

Read our Australian Government 5% Deposit Scheme guide if a smaller deposit is central to your plan.

Bluestone publishes current consumer rates and fees. Your final rate can still depend on the tier, documents, loan amount, purpose and property, so the advertised rate is only the starting point.

The fees below are from Bluestone's residential rates page checked on 8 September 2026. They can change, so we show the current quote in dollars before you proceed.

Check Bluestone's current rates and fees and compare the total cost, not only the starting rate.

A Bluestone loan can be useful while your income or credit history is outside a bank's rules. Moving later can make sense, but it is not automatic and a new lender will reassess your income, debts, credit conduct and property.

For a residential loan, Bluestone currently lists a $500 discharge fee. Its commercial loans also list an early repayment fee equal to 2% of the original loan amount if discharged within 3 years. That commercial fee should not be confused with the residential fee schedule.

Bluestone accepts most standard houses and units, but location, size, title and condition can still rule a property out. Send us the address before you pay for a valuation or sign an unconditional contract. The right income and deposit will not help if the property or location falls outside the product rules.

Bluestone can consider properties up to 4 hectares (about 10 acres), up to 4 existing homes on one title, and units or studios with at least 40m² of living space. That gives us options for properties some banks won't take, but the address, valuation and loan amount still need to fit. For a property outside a metro area, I'd check it with Bluestone before you commit.

Buying 4 existing homes on one title is different from borrowing to build 4 homes. Construction has its own limits, so don't use the existing-property rule to plan a development.

Bluestone loans are available through accredited brokers. Before lodging, we match the documents and credit history to the lowest tier that appears to fit, then check the property and likely fees.

For other specialist options, compare our Resimac review and Pepper review. The right lender depends on the exact income, credit history, property and total cost.

Our Brisbane mortgage brokers can compare Bluestone with other lenders based on your income, deposit and plans.