Forms of income used by banks in serviceability calculations

Acceptable forms of income to the banks is basically an income which they can verify will be ongoing in the long term. 6 months of share trading does not demonstrate the long term requirement.

A 6 month period also doesn't demonstrate what the costs to produce that income are. People might say it's only a few phone calls, but proving you're not spending money is quite tricky.

Here's a thread with a fairly comprehensive rundown on how the banks think when they look at the self employed. Other forms of income follow the same logic.

Finance and the self employed - business and contractors

 

what about if you are a director of an overseas company that generates monthly income? what would be acceptable payslips? bank account that shows inflow of income?

 

The pattern seems to be, if it is not a PAYG regular job, then most likely 1-2 year tax returns.....