Two in three Campsie homes are apartments, and more than half are rented, so many buyers here are renters stepping into their first place.
With two jobs or more, lenders assess each job separately. A second job usually needs six to twelve months in that role, shown by payslips and a year-to-date figure; some lenders want it to run alongside the main job for a set time.
Choosing a lender whose second-job policy fits decides how much of the extra income counts.
Two thirds of the homes in Campsie are apartments, nearly three times the share across NSW. Some lenders cap how much they lend into one large complex, so a unit can be easy at one bank and full at another. With 52.8% of households renting, Campsie is a tenant market. The suburb suits buyers weighing rentvesting: renting where you live and buying where the numbers work.
Separate housesTownhouses and semisApartments
apartments NSW 21.7%
separate houses NSW 65.6%
terraces and semis NSW 11.7%
rented NSW 32.6%
with a mortgage NSW 32.5%
private dwellings
Source: ABS Census 2021, Suburbs and Localities (SAL10781).
Will the rent cover it?
The first question every Sydney investor asks, repayments against rental income, the way a lender sees it.
A gap isn’t a dealbreaker, negative gearing, interest-only periods and offset structure change the cash-flow picture. That’s the conversation.
Estimates only, rates, vacancy, costs and tax change the real picture. Not credit or tax advice.
Confirm your numbers.
Charles and the team recently assisted me with the refinance of my investment property.
Had a great experience with Charles at Links Property Finance. He made the whole home loan process straightforward and easy to understand, kept me updated throughout and was always quick to answer any questions.
Charles looked after us really well and his knowledge gave us the confidence to purchase our property. He wasn’t pushy and always ensured we felt comfortable with the repayments.
Most lenders will count a second job, but they want to see that it is stable.
Commonly that means the role has been held for a period, often six to twelve months or more, with payslips and bank statements showing the pay arriving regularly. A second job that started recently may be counted in part, or not yet.
Lenders also look at the hours involved, whether the second role is permanent, part time or casual, and whether both jobs together look sustainable. Policies differ from one lender to the next, so the same two incomes can support quite different loan amounts. Second jobs and borrowing in detail
Charles Touma, Mortgage Broker.
Campsie lies about thirteen kilometres south-west of the city in the City of Canterbury-Bankstown, on the southern bank of the Cooks River. Canterbury Hospital is on Canterbury Road, and parks include Anzac Park, Loch Street Reserve and Lofts Garden.
Its main shopping area runs along Beamish Street, with the Campsie Centre between Amy Street and Evaline Street, while commercial and light industrial buildings line Canterbury Road.
The suburb was named in 1851 after the Campsie Fells, a range of hills in Scotland. Early land grants were farmed, and subdivision followed the railway in the 1890s.
Nearby, between Canterbury and Burwood, William Phillips developed Harcourt from 1889, described as the earliest model suburb in New South Wales, with streets called avenues on the model of New York. Today apartments make up about two in three Campsie homes.
When a Campsie buyer has more than one income, Links compares a panel that includes Macquarie, ING, ANZ, Westpac and Resimac.
Example scenario (illustrative, not a real client): a Campsie renter works full time in an office and has also worked weekends at a café for over a year.
Before looking at apartments, they gather payslips from both jobs and statements showing both incomes arriving, and apply with a lender that counts the steady weekend income in full.
A second permanent part-time job is often counted in full once it has been held for a while. A casual second job is usually averaged over a period, and some lenders shade it or count only part of it.
Overtime and penalty rates in either job follow their own rules.
Because each lender draws these lines differently, knowing which one suits your mix of jobs can make a real difference to your borrowing power. Second job lending.
If you started the second role recently, some lenders will wait until it has a longer history, while others accept a shorter period if you have worked in similar roles before. Year-to-date figures on your payslip help show what the job pays.
Sometimes the better plan is to apply on the main income now, or to wait a few months until the second job can be counted. Work out your year-to-date income.
Income from your own business is assessed differently from a second job. Lenders usually want tax returns, and sometimes business activity statements, to show what the business earns after expenses.
Your salary is still assessed as normal, and the business income is added once it can be verified. Self-employed lending.
Three kinds of second income, and how lenders tend to see them.
The groundwork that helps both incomes count.
Often, yes, once the job has been held for a period and the pay is regular. Many lenders want six to twelve months or more in a second role, while some accept less if you have worked in similar roles before.
Usually. Casual income is commonly averaged over a period, and some lenders count only part of it. A longer, steady history improves how much is counted.
Some do: they consider whether the combined hours are sustainable. A second job held alongside your main one for a good while is easier to rely on than a recent one.
Some lenders will not count it until it has a longer history, and others accept a shorter period with relevant experience. It can make sense to apply on your main income now, or wait until the second job can be counted.
Not in the same way. Business income is assessed from tax returns and sometimes business activity statements, and it is added to your salary once it can be verified.
Yes, if you meet the criteria and the price is within the cap for the area. The lender still assesses both incomes under its own policy.
Bring your Campsie plans to a free 30-minute call: your borrowing range, the lenders that fit the property and your next step.
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General information only, not credit or financial advice. Lender policies and government scheme criteria differ and change over time. All lending is subject to individual assessment and approval.
