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Victoria | Lydian platform, delivered in partnership with Clark Finance Group
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Bulleen sits on the river between Templestowe and Balwyn North, with a strong family market and a notable community of small business owners. Solid post-war and seventies homes, generous blocks, and easy access to the Eastern Freeway.
Bulleen has a high proportion of self employed residents, and that shapes a lot of the lending work we do here. Business owners, tradespeople and family enterprises are common, and their income does not arrive as a tidy payslip.
The consequence is that the same person can get very different answers from different lenders. Some want two full years of tax returns and financials; a few will work with one. Add-backs matter enormously: depreciation, one-off expenses, superannuation contributions beyond the minimum and interest on business debt being refinanced can all legitimately be added back to assessable income, and lenders differ on which they accept.
Beyond that Bulleen is a conventional family market. Homes are held a long time, upgrading within the suburb is common, and there is a steady flow of renovation work on homes that have reached the end of their original fit-out.
Business income presented properly, with the add-backs lenders will actually accept. The same figures produce very different outcomes.
Most lenders want two years. A few will work with one, which matters if your business is newer.
Long-held homes, generous blocks. Bridging and renovation finance for people moving up within the suburb.
Whatever stage you are at, there is a path through it. Pick the one that sounds like you.
It depends heavily on how your income is assessed rather than just what your tax return shows. Lenders typically use your net profit plus certain add-backs, and the list of acceptable add-backs varies. Two applicants with identical financials can be offered materially different amounts depending on the lender. That variation is the reason to compare rather than approach your own bank alone.
Expenses that reduce your taxable income but do not represent actual cash going out, or that will not continue. Depreciation is the classic example, along with one-off costs, additional superannuation contributions and interest on debt being refinanced. Adding them back gives a truer picture of your capacity to service a loan.
With some lenders, yes, particularly if you were in the same line of work as an employee beforehand. Others require two years without exception. There are also low doc options based on an accountant’s declaration or business bank statements where returns are not yet lodged, though these typically carry a higher rate.
It adds documentation rather than difficulty. Lenders will want the entity’s financials as well as your personal returns, and they will look at distributions and retained earnings. It is entirely routine, but it means more paperwork and a slightly longer assessment. Being organised with it upfront speeds things considerably.
Book a free consultation and we will walk you through your options, what you can borrow, and what it will cost.
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Serving clients across Australia.
Authorised Representative no. 525 778
Specialist Financial Group Australian Credit Licence no. 387025
Lydian Financial Services Victoria
Suite 1/103 Grimshaw Street, Greensborough VIC 3088, Australia
Level 12, 15 Collins Street Melbourne VIC 3000, Australia
Copyright © LYDIAN FINANCIAL SERVICES PTY LTD 2026. All Right Reserved.