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.
For Poverty Status - Alternative, the income definition is applied to the family income. For Household Income - Alternative, the income definition is applied to the household income. The income format for Household Income - Alternative is the format selected in section 6, Customized Formatting. You may select the official income (Money Income), any of five alternatives, or you may customize your own definition from the 42 possible components of income.