Broker News

The quarterly Household Expenditure Measure (HEM) update will be effective Monday 22 June 2026, in line with the latest HEM data provided by the Melbourne Institute.

Inflight Applications:

• For new applications submitted prior to Monday 22 June 2026 but not yet assessed, previous HEM applies.
• For new applications submitted on or after Monday 22 June 2026, the new HEM will be applied.
• For applications in AST/AIP prior to Monday 22 June 2026, and the customer(s) are seeking an Increase or Credit Critical change(s), the new HEM will apply.
• For applications in AST/AIP prior to Monday 22 June 2026, and the customer(s) are satisfying outstanding conditions, the previous HEM and process will apply.
• If an application is declined or has expired and is resubmitted on or after Monday 22 June 2026, the new HEM will apply.

Note: A new version of the ANZ Home Loan Calculator (HLC) V63 will be available on the Residential Broker Portal and ANZ Broker Portal from Monday 22 June 2026.

 

Effective 22 June 2026, updates will be implemented in ANZ’s systems to account for:

• The new income tax brackets as announced in the 2026-27 Federal Budget.
• The new Medicare Levy thresholds for low-income earners set by the Australian Government in line with movements in the Consumer Price Index (CPI).

Note, these updates will be implemented in ApplyOnline effective 1 July 2026.

As this is a recent change, it may take employers some time to apply the new tax brackets within their payroll systems. During this transition period, using gross income for application purposes may provide a more accurate reflection of the customer’s current and ongoing income.

If using gross income, please ensure that any ongoing deductions noted on the payslip are captured as an expense within the customer’s Statement of Financial Position.

Inflight Applications:

• For new applications submitted on or after 22 June 2026, new tax brackets will apply when verifying using gross income. If verifying using net income, further income documents may be required to reflect the new tax rates.
• For all existing inflight applications, new tax brackets can be applied if requested, by providing further income documents which reflect the new tax rates.

For more information:

• 2026-27 Federal Budget
• Medicare Levy

Please reach out to your Residential Broker Manager

Effective Monday 22 June 2026, NextGen will be updated with 2 new changes.

New warning message:

A new warning message will be triggered when there is 1 applicant with dependents and their marital status is either single, divorced or widowed, and the security type selection is Government Guarantee – General Stream. The warning message is to ensure brokers select the correct Stream under the Australian Government 5% Deposit Scheme (Scheme) (ie. that the Single Parents or Legal Guardian Stream is selected instead of the First Home Buyers Stream).

Updated to Mandatory Documents:

Additional mandatory documents will need to be submitted before Scheme applications can be lodged to ANZ. The types of mandatory documents required for each application will be prompted based on what is selected in the security type field. They include:

• Home Buyer Declaration – will become mandatory to complete for each applicant
• Evidence of divorce (Single Parent Stream only)
• Evidence of eligible dependant/s (Single Parent Stream only)
• Evidence of Australian citizenship
• Evidence of permanent residency
• Additional guidance on providing Medicare information will be provided.

For more information:

• Residential Broker Portal:
  • Brokerology Basics > First Home Buyers Topic
  
  
• ANZ Broker Portal:
  • Brokerology Basics > First Home Buyers Topic
  
  
• Contact your Residential Broker Manager

Effective 22 June 2026, ANZ is simplifying the application extension/NCCP timeline reset process for eligible residential purchase and construction loan applications where there are no changes to customer or guarantor financial circumstances or the customer product feature requirements and objectives.

This updated process, which relates to resetting the 110 day NCCP timeline, aims to simplify document requirements for extensions to eligible Approval in Principle (AIP) or Approval Subject To (AST) applications.

What is changing?

• The 110 day NCCP timeline may be reset up to a maximum of 3 times within 12 months of the first decision date for eligible applications.
• Once this extension limit (or 12 month timeframe) is reached, a new application is required, with the original to be withdrawn.
• Simplified documentation for eligible purchase and construction loan application extensions:
  
  For the first, second and third application/NCCP timeline extensions, (within 12 months of the first decision date) the following documentation is required for eligible applications:
  • An Extension Declaration form signed by the customer(s), guarantor(s) (only required for servicing and spousal guarantors) and the broker
  • New Income documentation, (including for any servicing guarantors or spousal guarantors)
  • OFI statements for account conduct / funds to complete / genuine savings where applicable.
  
  The following documents are no longer required for eligible purchase and construction loan application extensions:  Statement of Position (SoP) - Broker Interview Guide (BIG) - Applicant / Guarantor Declarations (AGD) - Broker Acknowledgement email (this has now been incorporated into the Extension Form).
  
  
• Updates to the Extension Declaration Form
  • The Extension Declaration form has been updated to now contain a broker declaration
    • Reminder: The Broker has an obligation to have a conversation with the borrowers and guarantors in line with ANZ’s current processes.
  • Extension declaration form can be signed electronically using Brokers preferred digital signature provider
  
  
  The new form will be available on Existing and New ANZ Broker Portal as of 22 June 2026.

Inflight applications requiring extension:

• Applications that are less than 12 months from First Decision Date and have fewer than three extensions/resets can use the new streamlined process.
• Applications that are more than 12 months from First Decision Date or have already been extended 3 times will require a new application to be submitted, and the original to be withdrawn.

Inflight applications within the current NCCP timeframe and progressing to full approval can follow AIP/AST condition requirements - these applications are not affected by the streamlined NCCP reset document changes

Note: If the application involves an investment property purchase, please ensure you have determined whether gearing is applicable and seek reassessment accordingly. Read more: Negative Gearing Changes

Important Note: While these changes apply to the110-day NCCP timeframe extension process for eligible purchase and construction loan applications, there is no change to the 80-day NCCP timeframe extension process for refinances, cash-out and any applications with a linked credit card application.

More information

Existing ANZ Residential Broker Portal:
Broker Operation Manual (Available from 22 June 2026)

New ANZ Broker Portal:
Broker Operations Manual (Available from 22 June 2026)

Contact

Your Residential Broker Manager

Following market movements, the Base Rate Conversion Factors for all currencies have been updated. This update is effective 8 June 2026.

The updated Base Rate Conversion Factors tool can be found in:

• Residential Broker Portal
• ANZ Broker Portal

From Saturday 20 June to Sunday 21 June, a planned outage will impact some ANZ Home Loan platforms.

What you need to know:

• Outage start time: Saturday, 20 June, 23:00 AEST
• Planned completion time: Sunday, 21 June, 23:30 AEST
• During this outage window, users will not be able to access:
  • ApplyOnline– Application submission

We apologise for any inconvenience caused