Case Study - Simone and Joseph

Meet Simone and Joseph...

a couple photo of simone and joseph

A self-employed couple from Melbourne looking to build their first investment property.

  • Age: Simone is 45 and Joseph is 49
  • Liabilities: $450k
  • Assets: House valued at $900k (at completion)
  • Occupation: Both are self-employed. Simone earns $75k and Joseph earns $115k


Simone and Joseph have purchased a block of land and wish to build their first investment property. They have demolished the previous dwelling and have a ‘clean slate’ upon which to begin.

They have engaged a well-known, reputable builder. Together with their fixed price building contract also hold council approval.

Simone and Joseph have an ABN registered for 24 months and GST registered for 12 months. They are able to provide:

  • Declaration of financial position;
  • 6 months business bank statements; and
  • 6 months BAS.

Unfortunately, traditional banks declined their loan application as they would not fund loans where the primary purpose is for construction of an investment property, and because Simone and Joseph were only able to provide ‘Alternative’ Income documentation.


Simone and Joseph qualify for the Pepper Prime Alt Doc PLUS Construction product which allows for construction with up to 80% LVR. This loan product allows for:

  • Consideration of Self-Employed Alt Doc applicants
  • Construction of up to two residential investment properties (on one title)
  • Consideration of applicants with paid defaults of up to $500

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The case study is based on real-life examples and has been provided solely for educational purposes. The case study is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. All applications are subject to Pepper Money's normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply. Pepper Group Limited, Australian Credit Licence Number 286655, is the servicer of loans made by Pepper Finance Corporation Ltd ACN 094 317 647.