Australia - Pulling out equity to fund new purchase, banks says it needs to be a normal rental

[chicagohost]

You might want to take a look at this thread – U.S. context but still may be useful:

Anyone having issues refinancing their AirBnB property?

This is our primary residence and Nationstar is our mortgage lender. They wanted all kinds of information including our income tax returns which shows all of our income including the AirBnB income. That’s what made them ask about it: "Underwriting is asking for a letter of explanation regarding: Reason for Subject Property being Listed as a Seasonal Rental on Tax Returns & if Rented Seasonal where do you reside at the time of the property being rented? Are you able to provide a Signed & dated…