Low-doc loans - how easy to get?

I'm curious to know the situation with low-doc loans right now. I'm told I will be getting a loan 80% of valuation at 4.7% fixed for one year, low-doc. We are just waiting on a credit check and a valuation before formal approval and docs issued.

I have read here that these loans are not easy to get, but if I am getting one, I'm curious to know how easy it is to get one. Or was I just lucky?

I believe I'm able to get this as I have an ABN and the house I'm buying brings its own rental income. Other than that I earn about $20K as a PPT employee (10 hours per week base). I believe my loan will be $560K(ish).

I've not seen the application so am unsure if our other assets are in any way influencing this approval.

I thought I'd put this post up in case there are people who believe on a low income they cannot get finance. I know it is not that simple, but I was told by a bank lender that it would be very hard to get through, but there was a small chance he could swing it, to a pretty much flat out "not possible" from a broker.

We've got this organised through the broker we've used before and it seemed fairly easy.

Low-doc loans - how easy to get?