Good evening, I have been casually employed at the same place for 2.5 years and have been working full time hours since my studies completed. I was under the impression that with my new (pretty damn decent) income levels, which include overtime I would have a fair bit of borrowing power. I do not pay rent and as such have very lower SINK living expenses. In my areas of interest I will be looking at a minimum 5% yield (really haven't decided on what I want yet though to narrow it down any further). My bank told me that basically I am stuffed for at least six months (till my 12 month average income is higher). They also do not take overtime into account when looking at my average income... Even once my income is higher, I will struggle to get LMI (at 88% LVR) because they generally assess income over two years and do not take into account over time. Apparently my only saving grace would be a permanent position in the same field (then they would be instantly able to use my new income details). I find it so bizarre that if I gained a permanent position (presumably with a pretty major pay cut) I would have more serviceability!! Once I figure out what I want I will obviously need to contact a broker! It is my understanding that there are banks that will touch me once I have maintained these new income levels for three months? Any thoughts on my predicament would be greatly appreciated. Needless to say that I am feeling pretty disheartened to discover that I do not have the borrowing capacity that I assumed would come with full time wages! On the plus side, I found out that my IP1 break fee is less than $500 so I can refinance and avoid that dirty loan contamination!