GIFTED DEPOSIT MORTGAGES. A gifted deposit is a sum of money given to you by a third party as a deposit on a property. There are currently five options currently available for gifted deposit mortgages. These are available on residential and Buy-to-Let purchases.
Assessable income is the income we use to work out your payment rate. If you have a partner, we take both of your incomes into account. Examples of assessable income include: deemed income from financial investments, including money in superannuation funds if you have reached age pension age.
An income test assesses income from employment, business income and income from assets, reducing a personâs payment by 50 cents for every dollar above the income test free area (currently $4,056 per year for singles and $7,176 per year for couples combined).