- $2.502m
Approved
- 18 months
Self-employed
- 12 months
Time to sell
The Borrowers
Lena is a GP who moved onto her own ABN in April 2024 after two years at a medical practice, earning about $217k. Will is a contract advisor, full time since 2019, on $133.5k. Homeowners in Coopers Plains, Brisbane.
The Goal
Buy a $1.95m home to live in at Tarragindi before the Coopers Plains house sold, without a rushed sale or a tight back-to-back settlement.
The Problem
Buying first meant carrying both properties, and Lena had only 18 months of self-employed history. Most lenders want two years.
What We Did
Jayden, one of our home loan brokers in Brisbane, set it up as two loans with CBA: a standard 30-year main loan on the new home, and a separate interest-only bridging loan with a 12-month term, repaid when Coopers Plains sells.
CBA assessed Lena's income on her first full year plus current figures rather than waiting for a second year. That gave them a year to sell on their own terms. For doctors moving into their own practice, the right lender can make that first year enough.
The Result
A $1.35m main loan plus a $1.152m one-year bridge, $2.502m in total, unconditionally approved on 22 October 2026. Settlement is booked for 15 January 2027.
Loan Details
| Detail | Figures |
|---|---|
| Locations | Existing home Coopers Plains QLD 4108; new home Tarragindi QLD 4121 |
| Property | Both houses, home to live in |
| New home | $1.95m |
| Existing home | Valued $1.281m with $655k owing |
| Main loan | $1.35m with CBA, 69% LVR on the end loan; 6.30% variable at approval (October 2026), P&I, 30 years, about $8,356 a month |
| Bridge | $1.152m, 7.23% variable, interest only, 1 year |
| Peak LVR | About 77% across both homes |
| LMI | $0 |
| Timing | Unconditionally approved 22 Oct 2026; finance 30 Oct 2026; settlement booked 15 Jan 2027 (not yet settled) |
Loan details
Locations
- Figures
- Existing home Coopers Plains QLD 4108; new home Tarragindi QLD 4121
Property
- Figures
- Both houses, home to live in
New home
- Figures
- $1.95m
Existing home
- Figures
- Valued $1.281m with $655k owing
Main loan
- Figures
- $1.35m with CBA, 69% LVR on the end loan; 6.30% variable at approval (October 2026), P&I, 30 years, about $8,356 a month
Bridge
- Figures
- $1.152m, 7.23% variable, interest only, 1 year
Peak LVR
- Figures
- About 77% across both homes
LMI
- Figures
- $0
Timing
- Figures
- Unconditionally approved 22 Oct 2026; finance 30 Oct 2026; settlement booked 15 Jan 2027 (not yet settled)
Rates are the rate at approval on the date shown. They are not current offers.
Self-Employed And Upgrading?
We'll check which lenders will use your first full year of figures and how to structure the bridge.
Book a free assessmentor 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.