Weekly Credit Crunch - 29th June 2026 🌟

🏦 ANZ

ANZ Unpacked: What’s New and Topical Insights

ANZ is hosting a practical broker update covering key topics impacting brokers and their clients.

Webinar details:

• Date: Thursday, 9 July
• Time: 12:00 pm – 1:00 pm

Topics covered:

• First Home Buyers 5% Government Guarantee Scheme
• PAYG & other income refresher
• Bridging finance
• New ANZ Broker Portal

👉 Register here

🏦 Apollo

Negative gearing is changing.

Following the 2026 federal budget, the government has announced changes to how negative gearing will be treated for established residential investment properties purchased after 12 May 2026. While the legislation is still before the Senate, Apollo’s updating its policy from 1 July 2026 accordingly.

Apollo will provide an updated Manual Serviceability Calculator to reflect the new rules from 1 July 2026. Details to follow next week.

If you have investor clients with applications in progress, there is still time to get them assessed under Apollo’s current policy.

What this means for your pipeline
For brokers with applications already in progress, here's how Apollo will assess pipeline applications:

• Active applications not yet approved
  New and active applications will need to be fully credit-assessed and approved before 1 July 2026 to be assessed under the current policy.
  
  Brokers with outstanding items should submit them as soon as possible to maximise the chance of assessment under the current policy. Ideally, by 11:59pm AEST Friday 26 June, to allow for standard credit processing times.
  
  
• Active pre-approval applications not yet pre-approved
  New and active pre-approval applications will need to be fully credit-assessed and pre-approved before 1 July 2026 to be assessed under the current policy.
  
  Please submit any outstanding items as soon as possible to finalise your application. Ideally, by 11:59pm AEST Friday 26 June, to allow for standard credit processing times.
  
  

• Pipeline pre-approved applications within 90-day expiry
  Existing pre-approvals that have already been fully credit-assessed will continue under the rules that applied at the time of assessment as long as no new credit assessment is required once a property has been found.

🏦 Bluestone

🎉 Great news! Bluestone’s SLA has improved from 15 days down to just 5–6 days 🚀, thanks to your feedback and the dedication of our teams (including weekends and personal time) to keep applications moving. 💙

🎯 Their next target: a 2-day SLA by next week.

📌 Key reminders for Accountant’s Letter submissions (Alt Doc):
✅ Use the correct ABN, entity name, and spelling (one ABN per form)
✅ Ensure income aligns with shareholding percentages
✅ Q1: Explain income calculation method (e.g. BAS, bank statements, accounting software) — no payslips
✅ Q2: Accountant must have prepared/lodged at least 1 year of business financials
✅ Q3: State the latest tax year lodged (e.g. FY2024), not the lodgement date
✅ Verify all accountant details, industry association, and TPB number
✅ Ensure the TPB registration matches the accountant/company listed

💡 Getting these details right the first time helps achieve faster, One-Touch Approvals and avoids delays.

🏦 Macquarie

 No worries with Macquarie......

Eligibility criteria - PAYG:

• Gap in employment is not an issue! Customer can be Day 1 employed if they have 6m industry experience (even if this was years ago)!
• Probation is not an issue!
• Anyone with 6 months industry experience!

Income shading:

• Fixed allowances = 100%. Treated like base income. Ensure present on both payslips provided.
• Variable allowances = 100%. Ensure present on both payslips provided.
• Tax fee income = 100% with no cap. Applicant must be working in public health, charity or social work.
• Overtime essential services = 100% (public transport operations, fire fighters, police, provision of health services, provision of garbage or sewerage services, prison officers, power/energy technicians (does not include electricians). Ensure present on both payslips provided.
• Overtime = 80%. Ensure present on both payslips provided.
• Commission = 80%. Ensure present on both payslips provided.
• Bonus = 80%.

🏦 MA Money

MA Money: A practical approach to Alt Doc lending

MA Money is hosting an Alt Doc 101 webinar, designed to help you confidently identify, structure and submit Alt Doc loan applications.

Webinar details:

• Date: Thursday, 30 July
• Time: 12:00 pm – 1:00 pm

What you’ll learn:

• What an Alt Doc loan is and when to use it
• How to identify suitable Alt Doc customers
• The Alt Doc process, tools and credit journey
• Real-life scenarios to bring deals to life

• A walkthrough of servicing calculations to help you confidently package and submit deals

Secure your spot and start turning more self-employed scenarios into deals.

👉 Register here

🏦 Westpac

Westpac will be updating the Australian Government 5% Deposit Scheme Home Buyer Declaration Forms in BrokerHub with the latest Information Guide provided by Housing Australia.

What this means

From Wednesday 1 July 2026, you must provide your clients with the latest Information Guide found within the Home Buyer Declaration Form cover page.

It is a mandatory government requirement for you to share the relevant Information Guide with every applicant as part of the application process for loans supported by the Scheme.

Supporting guidance

Please access the latest Information Guide to support your clients through this process:

1. Search “Australian Government 5% Deposit Scheme Home Buyer Declaration Form” in BrokerHub; or
2. firsthomebuyers.gov.au

That’s it for this week’s Credit Crunch!

As always, the detail matters – especially when policy, servicing and scheme requirements are shifting. Keep an eye on approval dates, calculator updates, documentation requirements and those little lender-specific quirks that can make or break a deal.

Until next week, happy broking. 👋👋