Did you take a look at Funding?The returns are lower but the...

Did you take a look at Funding?
The returns are lower but the terms are shorter as well.
Most investments are around the 8% & 6 months duration.
I never had an issue investing with them when I was using their platform, although a couple of loans extended for a month while the borrowers obtain new finance.

There's also La Trobe but their returns are variable on 'book' loans.
https://www.latrobefinancial.com.au/
There 48 hr access at 5.15% is pretty good.
Used them in the past, no issues.


Have you considered the likes of Plenti & Truepillars with their 'books' of loans?
They're not mortgage backed but they do run provisions for any losses.
Plenti loans notes are 9.0% (Jan-Mar 27 fixed term) & Truepillars 8.1% (3yr fixed term).
Plus they do shorter periods for lower returns.
https://www.truepillars.com/content/investors-home
https://www.plenti.com.au/
I've currently got money in both.
The first of the 3 year Truepillars matures in Sep, never missed a payment & last year they paid bonus interest in Jun (9.1% vs 8.1% p.a. just for the month)