Hi guys, newbie here.
I work in an office 3 days a week, and then have my own business at home after hours and 3 days a week. I have an ABN, but I have had it for about 6 months. I've been at the office for 4 years this July, but ever since I started my business, I've decreased my hours at the office.
My partner and I are planning to put a deposit down soon, but I know you need to have an ABN for min. 2 years for it to be qualified as steady income. I'm worried because I know when you put a deposit down, the broker or whoever has a look at your income to see whether you're able to afford a house. We want a 1.5-2 year before our land titles so we can save as much as we can for the loan. I'm building up my business and will definitely be earning more by then, but is what I'm earning now going to affect the future of our loan? My payslip at the office looks like a low income, but combined with my business income, it's quite good.
Should I wait for that min. 2 year for my ABN? I don't know how it works 100%, but I'm hoping someone can clarify for me.
Thank you very much and look forward to hearing your advice.