Know your number before you bid.
A proper pre-approval is not an online borrowing estimate. It's a lender's formal, credit-assessed position that lets you bid without a finance clause hanging over your head.
Estimate, conditional, formal.
Online estimate
A ballpark figure generated by a lender's calculator. No credit check, no income verification, and no actual commitment from the lender. Useful as a sanity check — not as a bidding position.
Conditional / formal pre-approval
Your application has been submitted, credit has been pulled, income and liabilities have been verified, and a credit assessor has actually looked at the file. This is the version that gives you something to stand on at auction. Valid for 90 days typically, renewable. This is what Hypercube arranges.
What we'll ask for.
Before submitting a formal pre-approval we'll need:
- Recent payslips (two or three, employer-dependent)
- Most recent PAYG summary or tax return
- Bank statements covering the last 90 days (transaction and savings)
- Credit card and loan statements (current balances and limits)
- Photo ID — driver's licence and/or passport
- First-home-specific evidence if applicable (genuine savings, grant eligibility)
Pre-approval FAQs
Does pre-approval affect my credit score?
How long does pre-approval last?
Can I bid at auction with pre-approval only?
Related pages
Ready to structure this properly?
Book a 30-minute discovery call. No cost, no obligation, and a clear next step at the end of it.