Shift income counted
Penalties, overtime, allowances and packaging, matched to lenders that count them.
FOR NURSES AND MIDWIVES
Home loans for nurses.
Your pay isn’t a flat salary.
Your lender shouldn’t treat it like one.
Shift work, overtime, casual or agency, a nurse’s pay is rarely just base salary, and the lender you choose decides how much of it counts. We compare 40+ lenders to find those that properly value your penalties, allowances and salary packaging, so you can buy or refinance with confidence. Personal guidance from Ausfirst Lending Group in Caloundra.
Excellent · 35 Google reviews
Shift, casual or agency.Your real income, counted.
PAYcounted
properly.
properly.
40+Lenders on our panel
50+ yearsCombined lending experience
$0Broker fee for home loans
Local careQueensland-wide
IT’S HOW YOUR PAY IS READ
Your base salary isn’t
the whole story.
Two nurses on the same roster can be approved for very different amounts. Some lenders count penalties, overtime and packaging in full with a short history; others discount or ignore them. We present your real earning capacity to a lender that recognises how you’re paid.
40+ lenders
The policy that fits how you’re actually paid.
One broker throughout
The same person from first chat to settlement, not a call centre.
Been approved for less than expected? Your penalties or packaging may not have been counted. Another lender may see it differently.
Start with a free chatHOW LENDERS ASSESS NURSE INCOME
Where lenders
differ most.
The parts of your pay that decide how much you can borrow.
Shift penalties
Night, weekend and public holiday loadings, counted in full by some lenders with a consistent history.
Overtime and extra shifts
Some count most of it after three to six months; others ignore it entirely.
Casual, agency and part-time
Casual and agency need a steady pattern. Part-time is assessed pro rata.
Salary packaging
Public and not-for-profit packaging can be grossed up and added to your assessable income.
HOW YOU WORK
Permanent, casual or agency?
| What changes | Permanent | Casual | Agency |
|---|---|---|---|
| History needed | Often short | Usually 6–12 months | Usually 6–12 months |
| Penalties | Often counted | In the hourly rate | In the hourly rate |
| Lender choice | Widest | Varies | Varies most |
Lender policies on shift, casual and packaged income vary and can change.
Check my optionsKNOW YOUR NUMBERS
What might a lender
count?
Base salary is only the start. Penalties and overtime, plus salary packaging grossed up, can noticeably lift the income a lender assesses.
Bring a recent payslip and we’ll show you what each lender would count.
- Base salary or hourly rate
- Penalties, overtime and allowances
- Salary packaging, grossed up
- Your work history
YOUR PAY, AT A GLANCE
How much could count?
$30k$200k
Illustrative assessable income$112,257
Penalties and overtime counted$14,400
Packaging grossed up$12,857
Illustration only, not a borrowing assessment. Packaging grossed up assuming a 30% tax rate; lenders use their own method. Annual amounts. Lenders usually need a consistent history for extras.
Check my actual optionsLMI, DEPOSIT AND FIRST-HOME OPTIONS
Ways to get in
sooner.
Matched to your deposit and situation, and checked against what you actually qualify for.
LMI WAIVERS AND DISCOUNTS
Available with a few lenders.
A small number of lenders extend LMI waivers or discounts to certain healthcare workers, including some nurses, subject to role, income and policy.
The list changes over time, so we confirm your eligibility before you rely on it.
Government schemes
If it’s your first place, government schemes may let you buy with a smaller deposit and no LMI. We check what you qualify for.
A family guarantee
Equity in a parent’s home as extra security can remove LMI and get you in without a full deposit.
See family guaranteesNo waiver? You can still buy above 80% with LMI. LMI protects the lender, not you.
Let’s find your smallest sensible deposit. We’ll compare waivers, schemes and guarantees for your situation.
Check my next stepsWHAT A NURSE HOME LOAN CAN OFFER
Benefits worth
checking for.
Most are lender-specific, so we check what you actually qualify for.
Professional pricing
Discounted or package rates from some lenders, subject to loan size.
Borrow what you earn
Shift income and packaging counted properly can lift capacity.
Lower upfront costs
Where an LMI waiver or discount applies.
Flexible features
Offset, redraw and repayments matched to your pay cycle.
WHY NURSES WORK WITH AUSFIRST
Built around how
you’re actually paid.
Not a one-size template.
We read it properly
Penalties, overtime, casual loading and packaging, every week.
40+ lenders
Matching your pay to a lender whose rules already suit it.
The same person
You work directly with Richard Luke, not a call centre.
No direct cost
Lenders pay us on settlement. We disclose any fees before you proceed.
Buying with less than 20%? See how low deposit loans work.
Explore low deposit loansHOW WE WORK
Advice before
commitment.
We work around your roster, by phone, Zoom or in person.
CONVERSATION
An obligation-free chat
What you can borrow once shift income is counted properly.
PAYSLIPS
Read your income
Penalties, overtime, allowances and packaging.
STRATEGY
Recommend the lender
The policy that best fits how you’re paid.
APPLICATION
We handle it
Liaising with the lender, agent and solicitor.
SETTLEMENT
See it through
We coordinate settlement and keep you informed.
AND BEYOND
Six-month review
We review your loan to check it remains competitive.
Richard LukeFounder · Ausfirst Lending Group
WHAT MAKES AUSFIRST DIFFERENT
You care for others.
We’ll look after your loan.
You’re looked after by someone who treats your financial success as his own.
You work directly with Richard Luke, our director, with more than 30 years in Queensland lending. Not a call centre, and not a different voice each time.
Whether you’re buying your first home, upgrading, refinancing or investing, he takes the time to understand your roster, pay and plans.
Direct access to RichardShift income understood2024 Sunshine Coast Business Awards finalist
Talk to a brokerMore about RichardWHAT OUR CLIENTS SAY
Good people.
Great support.
ExcellentBased on 35 Google reviews
Google review
“I would describe Richard and Ausfirst Lending as friendly, insightful, prompt and diligent. A pleasure to deal with.”
Google review
“Debbie made the process of buying a new house frictionless, by providing excellent support throughout”
Google review
“I received very prompt responses to all of my questions and the team ensured that my application was processed in a timely manner. The service was brilliant!”
Excerpts from client reviews displayed on Ausfirst’s website. These reflect individual experiences.
LET’S CLEAR THINGS UP
Loans for nurses.
Real questions.
The questions nurses ask us most. Bring a payslip and we’ll talk through the detail.
Ask a questionWhat are the benefits of a home loan for nurses?
Depending on the lender: professional pricing, an LMI waiver or discount, and higher capacity once penalties, overtime and packaging are counted. They aren’t automatic, so we check what you qualify for.
Can LMI be waived for nurses?
With a small number of lenders, for some nurses, subject to role, income and policy. If not, LMI can still let you buy sooner with a smaller deposit.
Which lenders offer LMI waivers to nurses?
It changes over time and depends on your role and income, so we don’t publish a fixed list. We confirm eligibility before you apply.
What income is counted?
Base salary plus penalties, overtime and allowances, and salary packaging if you work for a public or not-for-profit service. How much counts varies by lender.
Do lenders count overtime and weekend penalties?
Many do, usually after three to six months of history. Policies range from counting most of it to ignoring it.
Can casual or agency nurses get a home loan?
Yes, usually with six to twelve months of consistent work. Some lenders are far more comfortable with casual and agency income than others.
How much deposit do I need?
It depends. A waiver, a first-home scheme or a family guarantee may reduce it; otherwise you can buy above 80% with LMI.
START WITH A CONVERSATION
Talk to a broker who
understands nurse pay.
Bring a recent payslip and we’ll show you what you can really borrow once penalties, overtime, allowances and packaging are counted.
Shift income and packaging counted
LMI and deposit options compared
Direct access to Richard
Visit our Caloundra office
Suite 3/74 Bulcock St, Caloundra QLD 4551
Monday–Friday, and by appointment
YOUR FREE CONSULTATION
Tell us how you work.
Permanent, part-time, casual or agency, and what you’re buying.
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