Happy Monday, brokers! 👋

It’s great to be back... and yes, before we go any further… what did we think of the little KP avatar last week? Cute? Slightly terrifying? Somewhere between helpful and “has she been replaced by a very enthusiastic cartoon?” 😂

Well, good news, I’m back, and it’s the real me.

Because of last week’s public holiday, we’ve got two weeks’ worth of lender updates to run through today. There’s still plenty of movement around negative gearing, plus some genuinely useful policy enhancements, servicing updates and lender reminders to keep on your radar.

So, coffee in hand, let’s get into it. ☕️

🏦 ANZ

ANZ Qualify Update – 5% Deposit Scheme

• ANZ Qualify will include a new “First Home Buyer Scheme” option in the LMI waiver dropdown to support pricing requests under the Australian Government 5% Deposit Scheme.

HEM, Tax & Medicare Levy Updates

Effective Monday 22 June 2026, ANZ will update its systems to reflect:

• The latest quarterly HEM data from the Melbourne Institute
• New income tax brackets announced in the 2026–27 Federal Budget
• Updated Medicare Levy low-income thresholds

Application Extension / NCCP Timeline Reset

From 22 June 2026, ANZ is simplifying the process for eligible purchase and construction application extensions where there are no changes to:

• Customer or guarantor financial circumstances
• Product requirements
• Customer objectives

Key points:

• The 110-day NCCP timeline may be reset up to three times within 12 months of the first decision date.
• Once this limit or 12-month timeframe is reached, a new application will be required.
• Simplified documentation will apply for eligible extensions.

Required documents include:

• Extension Declaration form signed by customers, relevant guarantors and broker
• Updated income documents
• OFI statements where required for conduct, funds to complete or genuine savings

No longer required for eligible extensions:

• Statement of Position
• Broker Interview Guide
• Applicant / Guarantor Declarations
• Separate Broker Acknowledgement email

The updated Extension Declaration form will include the broker declaration and can be signed electronically.

🏦 Auswide Bank

From 9 June 2026, Auswide Bank will transition to the single MyState Limited Lending Policy, with all new applications assessed under this unified framework.

This represents a positive uplift for brokers, particularly across self-employed borrowers, income flexibility and employment criteria.

Key Enhancements

Self-Employed Lending

• Only 1 year self-employed required, previously 2 years
• No BAS required
• Simplified income verification
• Improved income flexibility

Variable Income

• Quarterly bonus income now requires 12 months history, down from 2 years
• Monthly bonus structures require 6 months history

Rental & Employment Flexibility

• Rental income no longer capped at 50%
• Second job combined hours increased to 60
• Probation no longer required, subject to minimum 6 months in role
• Shorter tenure requirements across fixed-term contracts, family employment and general employment scenarios

Expanded Income Types

Now accepted:

• Age Pension
• Parenting Payment Single, subject to caps

Key Policy Changes

• Guarantee loans will no longer be offered
• Construction lending parameters updated
• WA construction available up to 80% LVR with additional criteria
• SA and NT construction lending withdrawn
• Acceptable security definitions updated and refined

🏦 MyState Bank

From 9 June 2026, MyState will also move to the unified MyState Limited Lending Policy across both MyState and Auswide.

For MyState brokers, this delivers a strong uplift in policy capability, especially for self-employed, variable income and employment scenarios.

Key Enhancements

Self-Employed Policy

• Only 1 year self-employed required
• No BAS required
• Simplified verification
• Greater income flexibility

Bonus Income

• Quarterly bonus: 12 months history required
• Monthly bonus: 6 months history, treated as commission

Construction Lending is now available in WA, subject to:

• Maximum 80% LVR
• Build contract up to $500,000
• Selected builders
• Published stage caps across construction types

5% Deposit Scheme

• Retained savings increased to up to $30,000

Key Policy Change

Non-spousal co-borrowers will be limited to:

• Parent / child
• Sibling / sibling

Other non-spousal borrower combinations will no longer be acceptable.

🏦 Bank of Sydney

Negative Gearing Eligibility Update

Bank of Sydney has confirmed updated criteria for when negative gearing can be included in serviceability.

Eligible Scenarios

Negative gearing may be included for:

• Investment properties purchased on or before 12 May 2026
• Refinance of existing investment loans where the property was purchased on or before 12 May 2026
• Construction of multiple dwellings on a site containing an established dwelling
• Purchase of a new build, off-the-plan or completed new property
• Newly constructed property occupied for less than 12 months before being sold to an investor
• Construction of an investment dwelling on vacant land

Not Eligible

Negative gearing will not apply for:

• Purchase of an established investment property
• Established property extended to add bedrooms
• Construction of a free-standing investment dwelling on a site already containing an existing free-standing dwelling
• Granny flat construction adjacent to an established property
• Newly constructed property occupied for more than 12 months before sale to an investor

Pipeline Applications

• Unconditionally approved applications retain the existing negative gearing treatment.
• Applications not yet unconditionally approved will be assessed under the updated criteria.

🏦 Bendigo Bank

Fixed Rate Features Reminder

Bendigo is reminding brokers of several key fixed-rate features:

• $0 rate lock fee
• Rate lock available for up to 90 days
• Extra repayments up to $20,000 per year during the fixed term
• Up to six 100% offset accounts available on Flex Home Loan

Investor Lending & Negative Gearing Update

For contracts dated after 7:30pm AEST, 12 May 2026, Bendigo will apply additional assessment to determine whether negative gearing benefits can be included.

New Investment Purchases

• Contracts on or before 12 May 2026: negative gearing benefits continue to apply.
• Contracts after 12 May 2026: negative gearing only applies if the property is a new build.
• Established properties after this date: interest and property expenses may be deducted against rental income, but additional negative gearing benefits will not be included in serviceability.

Refinances

Negative gearing may continue for:

• Dollar-for-dollar refinance of investment properties purchased on or before 12 May 2026
• Cash-out where funds are used for an eligible new build or improvements to an eligible pre-12 May investment property

Owner-Occupied to Investment

If the property was acquired on or before 12 May 2026 and later converts to investment, negative gearing benefits may continue to apply.

Broker Action Required

Brokers should document:

• Purchase date
• Whether the property is new or established
• Customer understanding of potential negative gearing changes
• Impact on future affordability
• Recommendation for customers to seek independent tax and financial advice

🏦 Bluestone

✅No Change to Negative Gearing Assessment

Bluestone has confirmed there are currently no changes to how they assess new or existing investment lending.

Key Bluestone Niches to Remember

• Negative gearing accepted across eligible borrower structures
• Residential and commercial rental income shaded to 80%, including short-term accommodation
• Trust and company lending available up to 90% LVR
• No ILA requirement for trust and company borrowers
• No postcode restrictions, subject to maximum land size of 2 hectares
• No high-rise or high-density restrictions, subject to minimum 40sqm
• No credit scoring — manual assessment applies
• No CCR repayment history required, with reliance on physical statements
• Unlimited debt consolidation, including business liabilities
• Unlimited uncontrolled cash-out via statutory declaration where supporting documents are unavailable
• Investment property expenses included within HEM, supporting large portfolio investors, developers, builders and professional property traders
• Positively geared debts held in other entities may be excluded
• Alt-doc construction available up to 80% LVR, metro only

Higher Loan Limits

• Up to $5 million per loan
• Total aggregate exposure up to $10 million across Prime and Near Prime
• Prime Plus lending available with no risk fees up to 80% LVR
• Lending limit increased from $2 million to $3 million at 80% LVR

Income Verification

Bluestone continues to offer simplified income verification:

• Self-employed: 2 quarters BAS, accountant letter or 6 months business bank statements
• PAYG: 2 payslips

🏦 Brighten

✅Negative Gearing – Current Approach Remains

Brighten has confirmed there are no immediate changes to how negative gearing benefits are assessed for serviceability.

Applications will continue to be assessed using Brighten’s current servicing calculator and existing negative gearing approach.

This applies to:

• New applications
• Applications currently in progress

Approval in Principle Reminder

Where negative gearing benefits are used to support an Approval in Principle, the application may still be subject to final review before formal approval once a property is located.

Final treatment may depend on:

• Legislative outcome
• Contract of Sale date
• Whether the property is newly constructed or established

Brighten will continue to monitor the legislation and provide further updates.

🏦 ING

Negative Gearing Changes Effective 12 June 2026

ING has updated its serviceability assessment for negative gearing following the Federal Budget.

Treatment by Property Scenario

Applications in Progress

• Pre-approval conversions will be assessed based on eligibility under the proposed rules.
• Conditional or unconditional approvals resubmitted for minor changes on or before 12 July 2026 will not be reassessed retrospectively.
• Minor changes after 12 July 2026 may trigger the updated treatment.
• Material changes such as loan amount, repayment type or security will be reassessed under the new approach.

For mixed property portfolios, where some properties are eligible and others are not, the total interest expense benefit will be capped at rental income where applicable. Properties that are considered “new build” as defined by the Federal Budget Tax Explainer (pg.6)

🏦 MA Money

MA Money More Webinar – Loans up to $15 Million

MA Money is hosting a webinar on its MA Money More offering, designed for larger and more complex lending opportunities.

The product supports loans up to $15 million for Prime borrowers, with flexibility for:

• Self-employed clients
• Expats
• High-net-worth borrowers
• More complex structures

Webinar Details - REGISTER HERE

📅 Date: Thursday, 23 June 2026
⏰ Time: 12:00pm – 1:00pm AEST
🎓 CPD: 1 point available

Topics include:

• MA Money More overview
• Supported borrower types and structures
• Policy niches
• Real-world scenarios
• Lodgement tips

🏦 NAB

Negative Gearing Calculator Update

NAB has updated the NAB Broker Serviceability Calculator in response to the Federal Budget announcement. The latest version is:

✅ NAB Broker Serviceability Calculator v64

Quick reference guide

For a breakdown of the new fields and how they work, check out this Quick Reference Guide.

NAB Regional & Agribusiness Session

NAB is also hosting a broker session focused on regional, agribusiness and economic insights.

REGISTER HERE

📅 Date: Tuesday, 23 June 2026
⏰ Time: 3:00pm AEST

🏦 Resimac

Negative Gearing Serviceability Update

Resimac has updated how negative gearing benefits are applied in serviceability.

In general:

• Negative gearing benefits may only be recognised up to the level of rental income.
• Eligibility depends on borrowing entity, property type and contract date.

New Investment Purchases

• Contracts on or before 12 May 2026: eligible for negative gearing in serviceability.
• Contracts after 12 May 2026: negative gearing only applies where the property is an eligible new build that contributes to additional housing supply.

Refinances

Negative gearing may be included for:

• Dollar-for-dollar refinances of existing investment properties purchased on or before 12 May 2026
• Cash-out where funds are used to purchase an eligible pre-12 May investment property or an eligible new build

Owner-Occupied Becoming Investment

Properties acquired on or before 12 May 2026 that later become investment properties may still receive negative gearing treatment on debt used to acquire or improve the property.

Pipeline Applications

• Unconditionally approved loans will not be reassessed.
• Applications not yet unconditionally approved may be reassessed under the updated approach.

Larger Loan Exceptions

Resimac has seen increased appetite for larger loan scenarios above $3.5 million, with some larger loans being approved by exception.

Key assessment factors include:

• Overall financial position
• Security quality
• Income sustainability
• Servicing strength
• Clean CCR conduct
• Strong exit strategy for applicants aged 45+

For larger loan exceptions, brokers should prepare:

• Completed servicing
• CCR check
• Latest 2 BAS statements for alt-doc scenarios
• Completed policy exception template

And that’s it from me for this week.

As always, keep an eye on the detail, especially around contract dates, negative gearing treatment and which calculator version you’re using. The policy shifts are still moving, and we all know lender policy loves to keep us humble.

Have a great week ahead, and I’ll see you next Monday. 👋