JobKeeper. Your questions answered


Saving for a property deposit can be tricky. Add the stress, complexity and hardship of a global pandemic and you’re bound to have some questions. I’m here to give you the lowdown on how the home loan process works if you were planning to buy a house and are receiving JobKeeper. 


Depending on the individual banks or lenders, some will accept JobKeeper payments as income, and some don’t.

JobKeeper can be accepted as income if you provide the following: 

  • Prove your salary has been received in your bank account i.e bank statements.
  • Provide a letter from your employer confirming your circumstances have changed in income and why.
  • Provide a recent payslip with evidence of JobKeeper payment and previous payslips with your previous income stated. 


Banks or lenders will also ask for additional information like:

  • Will there be any further changes to your working hours?
  • Is the JobKeeper payment you’re receiving higher or lower than your usual income.
  • If your standard working hours have been reduced, are you receiving a salary from your employer? (including JobKeeper payments).
  • Have your hours been reduced? Or are you working at your usual capacity with the same hours?

If you are considering a home loan while receiving JobKeeper let’s talk. I can help you navigate the process and help answer any questions you have.


Disclaimer: Loan Market Group Pty Ltd, Loan Market Pty Ltd provide this information for discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Loan Market Pty Ltd | Australian Credit Licence 390222