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Client case study

Two Investment Loans, Two States

Overtime and casual income both counted, and two loans in two states settled on the same day, run from the NT without a branch visit.

Updated Jayden VecchioDirector & Mortgage BrokerReviewed byJoshua VecchioDirector & Mortgage Broker
Fact checked
Raised Australian timber home with a car parked underneath
On this page

  • Approved

    $1.061mTwo CBA loans

  • Equity released

    ~$154kFrom Strathpine, QLD

  • Settled

    Same day20 April 2026

The Borrowers

Brent has been a police officer in the Northern Territory since July 2024, on $65.4k base plus about $30k of overtime. Jenna has worked as a casual quality assurance assistant since 2022, on $29.3k. Property investors living in Tennant Creek, NT.

The Goal

Buy an investment house in Morwell, Victoria, funding the deposit by releasing equity from their Strathpine, Queensland investment property, which was with ANZ.

The Problem

Three states, two properties, one deadline. Overtime was about 30% of Brent's pay and Jenna's income was casual, both things a standard calculator shades or drops. The Strathpine equity had to come out of ANZ in time for the Morwell purchase.

What We Did

Jayden, one of our Brisbane mortgage brokers, ran two CBA applications side by side. The Strathpine refinance and top-up funded the Morwell deposit, and both loans were timed to settle together.

CBA counted Brent's overtime income and Jenna's casual income in the servicing. The whole file was run from the NT without a branch visit.

The Result

$1.061m of lending unconditionally approved, with both loans settled on the same day, 20 April 2026. About $154k of equity released from Strathpine.

Loan Details

Loan details
DetailFigures
LocationsLived in Tennant Creek NT 0860; bought in Morwell VIC 3840; existing property in Strathpine QLD 4500
PropertyBoth houses, both investments
Morwell purchase$550k; loan $440k at 80% LVR; 5.86% investment variable, P&I, 30 years, about $2,600 a month
Strathpine refinanceValued $1.1m; ANZ balance of $466.6k refinanced to $621k (about $154k released), 56% LVR; 5.79% investment variable, P&I, 30 years
RatesAt approval, April 2026
LMI$0 on both
TimingMorwell finance date 3 Apr 2026; both settled 20 Apr 2026

Loan details

Detail

Locations

Figures
Lived in Tennant Creek NT 0860; bought in Morwell VIC 3840; existing property in Strathpine QLD 4500
Detail

Property

Figures
Both houses, both investments
Detail

Morwell purchase

Figures
$550k; loan $440k at 80% LVR; 5.86% investment variable, P&I, 30 years, about $2,600 a month
Detail

Strathpine refinance

Figures
Valued $1.1m; ANZ balance of $466.6k refinanced to $621k (about $154k released), 56% LVR; 5.79% investment variable, P&I, 30 years
Detail

Rates

Figures
At approval, April 2026
Detail

LMI

Figures
$0 on both
Detail

Timing

Figures
Morwell finance date 3 Apr 2026; both settled 20 Apr 2026

Rates are the rate at approval on the date shown. They are not current offers.

Using Equity To Invest?

We'll work out how much equity you can release and how your income will be assessed.

Book a free assessment

or call 1300 088 065

Hunter Galloway Finance Pty Ltd T/A Mortgage Broker Brisbane - Hunter Galloway ABN 20 605 252 926. Credit Representative 476903 is authorised under Australian Credit Licence 389328. Your full financial situation would need to be reviewed before any offer or product is accepted.

Client examples are based on real situations. Names and identifying details have been changed.