In short: GNT Finance helps Indian families across Australia buy their first home, from IT and engineering professionals to nurses, accountants and small-business owners. We handle the situations Indian buyers meet most: a gift from family in India that needs lawful source-of-funds evidence, a thin Australian credit file, and the 482, 189 or 190 to permanent residency journey. Consultations in English, Nepali or Hindi, with an interpreter in your language on request.
Australia's Indian community is one of the country's largest and fastest-growing, and home ownership is often the goal within a few years of arriving. We have helped families from all over the world into their first Australian home, and Indian buyers are a big part of that story. Our founder, Gorakh Timilsina, assessed hundreds of loan applications as a Senior Credit Officer before founding GNT Finance, so we read your file the way a lender will and fix the weak points before they become a decline.
Who we help
Indian professionals in Australia work across IT and software, engineering, nursing and healthcare, accounting and finance, and a large and growing number run their own businesses, from consultancies and cafes to transport and trades. Each of those earns and documents income differently. A salaried IT worker on a payslip is straightforward. An IT contractor invoicing through a company, or a small-business owner reinvesting profit, needs a lender who understands the structure. We match you to the right one. If you work for yourself, start with our self-employed home loan guide and our self-employed loans service.
The money and document realities
The most common question we get from Indian families is about the deposit. Support from parents and relatives in India is normal and welcome, but the money has to clear two tests: it must be lawful under India's rules to send it, and it must be documented to the standard Australian lenders and AUSTRAC expect.
India permits residents to send money abroad under the Reserve Bank of India's Liberalised Remittance Scheme, within an annual limit and for permitted purposes. What is allowed changes over time and depends on your circumstances, so we never advise you to breach India's rules, and we recommend you take legal or tax advice in India before moving a significant sum. From the Australian side, a gift usually needs a signed gift letter and evidence of how the funds were held and transferred. Read our genuine savings explainer and the home loan documents checklist so you know what to keep.
A thin credit file is the other common hurdle. If your Australian credit history is short, some lenders treat it as risk while others weigh your rent record, stable job and savings pattern. We know which lenders take the fairer view. See credit score and home loans.
Visa and PR notes
Timing your first purchase around your visa stage saves money and stress.
- On a temporary visa (482 and similar): temporary residents generally cannot buy an established dwelling under current federal rules through 2027, but building new or buying off the plan can still be possible with FIRB approval, plus foreign purchaser duty. See home loans for visa holders and FIRB approval for property.
- On permanent residency (189, 190, or moving from 482 to 186): you are exempt from those restrictions and can generally buy like a citizen, including the 5% deposit First Home Guarantee, which from October 2025 has no income caps.
Where the Indian community settles
Indian families cluster in Melbourne's western and northern growth corridors and in Sydney's west. In Melbourne, Tarneit, Truganina and Point Cook are strongly Indian, along with Craigieburn, Wollert, Clyde North and Cranbourne. In Sydney, Parramatta and Blacktown are major hubs, with Harris Park long known as a Little India. These are new-build and house-and-land areas, which suits first home buyers chasing the First Home Owner Grant on a brand-new home. Buying around Diwali or another festival is perfectly fine; just leave enough lead time for finance and settlement.
A worked example
Priya and Arjun are on 190 permanent residency and buying their first home, a new house-and-land package in Tarneit at $700,000. They use the First Home Guarantee, so a 5% deposit of $35,000 avoids lenders mortgage insurance, and they borrow $665,000.
| Item | Amount |
|---|---|
| Purchase price | $700,000 |
| Deposit (5%) | $35,000 |
| Loan amount | $665,000 |
| Monthly repayment (for illustration, at 6.00% p.a., 30-year P&I) | about $3,987 |
As first home buyers in Victoria they also fall in the stamp duty concession band between $600,001 and $750,000, and a brand-new home may qualify for the $10,000 grant. Figures are for illustration only; your rate, fees and eligibility depend on the lender and your circumstances.
Language and interpreters
Gorakh speaks English, Nepali and Hindi. For Hindi, Punjabi, Gujarati, Tamil, Telugu, Malayalam or any other language, we arrange a professional interpreter so you understand every document and condition. We are experienced with the paperwork Indian migrant families face, from gift letters to visa evidence, and we make sure nothing is lost in translation. Consultations in English, Nepali or Hindi, with an interpreter in your language on request.
Frequently asked questions
Can my parents in India gift me the deposit for a home in Australia?
Often yes, but the transfer must be lawful under India's rules, such as the Reserve Bank of India's Liberalised Remittance Scheme, and documented for Australian lenders. We never advise breaching India's limits, and we recommend legal or tax advice in India before you move a large sum. On the Australian side you will usually need a gift letter and evidence of the funds trail. We will show you what each lender accepts.
I am an IT contractor. Will lenders count my income?
Yes, with the right lender. Contractors invoicing through a company are common in the Indian community, and some lenders treat consistent contract income almost like a salary, while others want two years of history. We know which lenders suit shorter histories and how to present your invoices, contracts and tax returns so the income reads as reliable. See our self-employed guide for what to prepare.
I recently moved from a 482 visa to PR. When can I buy?
Once your permanent residency is granted you are generally treated like a citizen for lending and can buy an established home, use the First Home Guarantee and access first-home concessions if eligible. Many families start planning while the PR is being finalised so they are ready to act on grant. We will map the timing to your exact situation.
My credit history in Australia is very short. Is that a problem?
Not necessarily. A short file is normal for recent migrants. Some lenders weigh your rent record, savings pattern and stable employment rather than years of local credit. We know which lenders take that approach, and a few months of clean, consistent banking can widen your options further. We will tell you honestly whether to apply now or build your file first.
Talk to GNT Finance
Whether you are on a 482 planning ahead or newly permanent and ready to buy, we will map a realistic path, sort out the gift and source-of-funds paperwork, and take your file to the lenders most likely to say yes. There is no cost to you for our home-loan service in most cases. Book a free consultation or call 0426 403 703. Our Nepali mortgage broker service and English-language service cover all of Australia by phone and video, with interpreters on request.
This page is general information only and not legal, tax, migration or financial advice. Laws and lender policies change, and India's rules on sending money abroad change too. Confirm your position with a licensed professional, and get legal advice in India before transferring any funds.
Written by Gorakh Timilsina
Founder, CEO & Senior Mortgage Consultant at GNT Finance. Gorakh started as a broker assistant, spent years as a senior credit officer assessing loan applications, and now helps Melbourne families get the right loan approved. English, Nepali and Hindi spoken.