Most successful property journeys happen step by step.
Buy your first home.
Build equity.
Upgrade when your lifestyle and family needs grow.
This client success story shows how a young family living and working in Darwin, Northern Territory entered the NSW property market early, relocated interstate, and later upgraded to a larger family home in The Gables, Hills District through a carefully planned simultaneous settlement.
Client details and figures have been adjusted for privacy.
The Beginning: Buying Their First Property While Living in Darwin NT
MA and FA were living and working in Darwin when they purchased their first property in New South Wales.
Their strategy was clear.
• enter the NSW property market early
• secure future housing before relocating
• start building equity instead of waiting
Rather than delaying the purchase, they bought property in NSW while still based in Darwin.
After approximately one year, they relocated and lived in the home as their owner occupied residence.
This decision became the foundation for their next move.
Why They Upgraded to The Gables
As their family expanded, their needs changed.
They wanted:
• larger family home
• master planned community
• access to quality schools
• modern infrastructure
• long term lifestyle location
The Gables in the Hills District offered exactly that.
The area is known for:
• new family homes
• growing community environment
• parks and open spaces
• strong long term growth potential
The Challenge
They needed to sell their existing home and buy the new property at the same time.
Without proper structuring, this situation can lead to financial pressure or temporary housing issues.
The Strategy: Simultaneous Settlement
We structured a simultaneous settlement.
This allowed:
• sale of existing owner occupied property
• existing mortgage cleared at settlement
• sale proceeds used toward the new purchase
• seamless move into the new home
The clients avoided renting temporarily and avoided holding two mortgages.
New Owner Occupied Purchase – The Gables
Location: The Gables, Hills District NSW
Purchase price: approximately $1,245,000
Loan amount: approximately $820,000
Valuation: aligned with contract price
Loan Structure Selected
• Variable interest rate
• Principal and Interest repayments
• Fortnightly repayment frequency
• Full offset account
Why this structure worked:
• flexibility during rate changes
• faster debt reduction through fortnightly payments
• savings reduce interest via offset account
Income Strategy That Made Approval Possible
MA – Factory Employment
• Full time employment
• Stable income history
• Annual salary approximately $75,000
FA – Assistant In Nursing (AIN)
FA works as an Assistant Nurse in the healthcare sector.
This became a key strength of the application.
Important lending insight:
Many lenders assess Assistant Nurse income at only 80 percent.
Through careful lender selection, we secured a lender that accepted 100 percent of AIN income.
This significantly improved borrowing capacity.
Salary Sacrifice Advantage
FA receives salary packaging benefits through employment.
Salary sacrifice is voluntary and can be cancelled at any time, however correct structuring helped improve servicing.
Result:
• borrowing capacity increased by approximately $40,000
• stronger servicing outcome
• improved approval position
Weekend loading income was confirmed under the employment contract and included within assessable income.
Household Position
• One dependent aged two
• Minimal liabilities limited to phone expenses
• Strong repayment history supported by previous ownership
Equity from the property sale played a critical role in the upgrade strategy.
The Outcome
The clients successfully achieved:
• sale of their previous home
• simultaneous settlement completed smoothly
• upgrade into a larger family home in The Gables
• improved lifestyle and long term housing stability
• maximised borrowing capacity through correct lender policy
Lessons From This Success Story
Property success comes from planning, not timing.
Key takeaways:
• buying before relocation can accelerate wealth creation
• simultaneous settlement removes transition stress
• lender policy differences strongly affect borrowing power
• Assistant Nurse income must be assessed correctly
• salary sacrifice can strengthen loan servicing when structured properly
Many borrowers qualify for more than they realise when the right lending strategy is applied.
Frequently Asked Questions
Why Clients Choose Laxmi Home Loans
We support clients through their entire property journey.
We assist with:
• interstate buyers
• first home purchases
• refinancing strategies
• home upgrades
• complex income scenarios
Every loan is structured around long term goals.
Thinking About Upgrading Your Home?
Your current property could already be the stepping stone to your next home.
