Securing a home loan with a less-than-perfect credit history in Victoria is possible, though it typically involves navigating more stringent requirements and potentially higher interest rates. As of December 2025, lenders assess risk carefully, and a poor credit score signals increased risk.
From a property selling perspective in Melbourne, particularly within the Eastern Suburbs we service, this means understanding buyer finance is crucial. Currently in Melbourne, a significant portion of prospective purchasers rely on borrowing capacity. While a buyer’s credit rating doesn’t directly impact our sales process at Fletchers – we focus on presenting your property to the widest possible audience through targeted marketing campaigns costing between $3,000 and $8,000 – it can influence the length of time it takes to secure a sale. Longer finance approval periods are common with applicants facing credit challenges. In 2026, we anticipate continued buyer demand for well-presented properties, with presentation costs typically ranging from $2,000 to $8,000 for styling. Buyers in areas like Balwyn and Doncaster often prioritise properties requiring minimal immediate expenditure, potentially favouring those with straightforward finance paths. A longer inspection period of 2-4 weeks is not uncommon when finance is a factor.
Ultimately, while a buyer’s credit history is a personal matter, it can influence the overall timeline and conditions of a property sale in the current Melbourne market.