What is Foreign Income?
Foreign income is employment or business income earned outside Australia and paid in a non-AUD currency. For Australian home loan applications, lenders typically accept foreign income from a limited list of stable currencies (USD, GBP, EUR, SGD, HKD, NZD) at a discounted rate — usually 80%.
Why it matters for you
Policies vary widely. Some lenders accept foreign income only for existing AU citizens; others extend to temporary residents. Documentation requirements are heavier — translated payslips, tax returns, employer letters. Matching the right lender to your situation is key.
Last updated: April 2026