🟣 MyState

• Minimum employment term (PAYG): now 6 months, or 12 months in the same role/industry.

• Centrelink & Child Support income: combined must not exceed 50% of total assessed income.

• Credit score: simplified criteria now apply across all applications.
  Tip: edge cases → chat to your BDM for scenario guidance.

🟠 La Trobe – Build-to-Sell (Single/Duplex) with Interest Capitalisation

For customers building with the intention to sell on completion.

Key terms

• Max LVR: 75% of On-Completion Value (ex-GST) or 80% of Total Development Costs — whichever is lower.

• Individual and Company Borrowers

•  Rate: As per Residential Construction product.

• Servicing: Interest & fees capitalised (held within LVR).

• Exit: Build-to-sell (signed & dated borrower letter required).

• QS report: At cost — required if build contract > $1.5m or valuer recommends.

🟡 Bankwest – Multi-Unit on One Title

• No longer required: indicative subdivision approval (or extra docs to prove intent to subdivide) when constructing up to 4 units on a single title.

• If subdivision won’t occur before settlement: Bankwest will rely on the in-one-line valuation figure (incl. GST).

🔵 Auswide

• Bank statements: No longer need to provide one month of statements on all applications for living expenses and income verification.

• Self-employed – expanded assessment options:

  • Latest year (annualised BAS test): If annualised Total Sales (ex-GST) from the most recent 6 months BAS post-EOFY equals or exceeds the gross takings declared on the latest tax return.

  • Company/Trust wages only: Assess wages paid only (exclude company profit/trust distribution), based on latest year’s financials.

🆕 Paramount – Bridging Loan

• 💰 Loan size: up to $10,000,000

• ⏱️ Term: 1–24 months

• 🏠 Rates (Owner-Occupied) from: 7.49% p.a.

• 🧮 Interest: capitalised (no monthly servicing)

🙌Member shout out of the Week

Mike Perger (McLean Home Loans) flagged the Essential Services LMI waiver with People’s Choice—such a niche gem, and absolutely something every broker should know. Love your work Mike! 👏 Thanks to Mike’s nudge, we’ve added it to the library under:

• Allied Health - LMI Waiver &

• Essential Services → LMI Waiver

Keep the feedback coming!

🧩 Member Curly Scenario of the Week

Cass: HELP! I need to refi my client’s Suncorp residential home loan — it’s 6 units on 1 title.
The Brokers' Bible: You’re in the right place. Start here: Multiple securities on one title 👉 https://www.thebrokersbible.com.au/products/membership/categories/2152747125/posts/2167205125 

What we found (for our member Cass)

• ✅ 2 residential lenders with policies that accept 6-on-1-title scenarios.

• ✅ 4 commercial term loan options (20–30 year terms) with sharp pricing and LVRs up to 80%.

• ✅ Clear paths to compare residential vs commercial outcomes (rate, LVR, covenants, fees).

Why this matters

• Deals like this can stall in “too hard” baskets. We chased it down (dog-with-a-bone style 🐶) so you don’t have to.

• You get vetted options, policy certainty, and a fast route to yes.

Broker tip

• When in doubt on multi-unit, one-title security: check policy first, price both residential and commercial paths, and lean on our module for docs + lender shortlists.

Just another perk of being a TBB member—we love a challenge, and we love to serve. 🙌

🌉 Bridge the Buy. Ease the Sell. 🏡

Bank of Melbourne | Bridging Loans Webinar (Virtual)

When: Thu 25 September, 11:00am–12:00pm AEST
Why join: Get crisp, practical guidance on structuring and pricing bridging loans—plus a live tools walk-through.

We’ll cover:

• ✅ Key features & requirements of bridging loans

• ✅ How to structure and price a bridging loan

• ✅ Live Broker Serviceability Calculator demo

CPD: Eligible for MFAA and FBAA points (issued after the session).

Register:
👉 https://westpacview.com.au/WestpacGroupBrokerBridgingLoans25Sept 

After registering, check your inbox for your personalised Westpac View link and password. Don’t miss this one—perfect for smoothing client transitions and speeding decisions.

🎓 MFAA Education: Commercial & Asset Finance Workshops

The opportunities in commercial and asset finance are booming. Level up your skills with a practical, hands-on workshop near you — learn how to spot opportunities, match product solutions, and submit quality applications.

Facilitator: David McCleery, co-founder of MCP Financial Services (Chartered Accountant & experienced broker)

• 🗓 Dates: 23 September – 14 October

• 🕘 Time: 9:30am – 2:00pm

• 📍 Locations: Sydney • Perth • Melbourne • Brisbane • Adelaide

Perfect for brokers wanting real-world tactics you can apply the same day.

Register HERE

📚 FBAA Commercial & Asset Finance Masterclass — Adelaide

Wednesday, 15 October The 2025 Industry Commercial & Asset Finance Masterclass begins—going deeper into the strategies, structures, and real-world tactics brokers need in today’s fast-moving market. If you’re serious about levelling up in commercial and asset finance, this session is built to sharpen your edge.

Why attend

• Fresh, practical insights you can use immediately

• Bigger-picture trends + day-to-day application

• Focus on broker-ready strategies to help you thrive

Register HERE

🏆 Bankwest Presents: High-Performance Playbook (Virtual Panel)

Football’s biggest lessons, applied to business and life—live and unfiltered.

Featuring: Neroli Meadows • Simon Garlick • Marcus Bontempelli • Erin Phillips • Joel Selwood

• 🗓 Thursday, 25 September

• 🕙 10:30–11:30 AM AEST

• 💻 Virtual event

Expect sharp insights on leadership, resilience, teamwork, and clutch decision-making—perfect fuel for brokers and business leaders.

Register today. https://bankwestevents.bankwest.com.au/aflgf

🧾 Macquarie: Trust Lending Deep-Dive (Zoom)

Whether you’re new to trusts or chasing every last drop of servicing, this bite-sized session will level you up — and you can fire away with questions live.

We’ll cover:

• 🏛️ Trust Lending Policy — what flies, what doesn’t

• 🧩 Real-world trust structures — practical examples

• 📈 Servicing hacks — tips to maximise borrowing capacity in trusts

Details

• 📅 Friday, 19 September

• 🕚 11:00 AM (AEST)

• 💻 Zoom

Short, sharp, and super useful. Bring a scenario if you’ve got one.

• Zoom Link: https://macquariegroup.zoom.us/j/2179631594?pwd=TlA5VUlYWmFvdDZjSllVc0NKby9tZz09&omn=92696635511&from=addon