Borrowing power calculator
Estimate how much you could borrow based on your income, expenses, and current financial situation — before you start house hunting.
How is borrowing power calculated?
Your borrowing power isn’t just about income — it’s about your full financial picture.
What lenders look at:
When assessing how much you can borrow, lenders take into account:
• Income – Your salary, bonuses, rental income, or business earnings
• Living expenses – Everyday costs including groceries, bills, insurance, transport, and more
• Existing debts – Credit cards (even unused limits), personal loans, car finance, and HECS/HELP
• Loan term & interest rate – Longer terms can lower repayments and increase borrowing power
• Number of dependents – Kids and family members you support affect your budget
• Lender policy – Each bank has its own formulas and buffers, which can change how much they’ll lend
Example: Two applicants earning the same income may have very different borrowing capacity — one with no other loans and modest expenses might borrow $800,000, while someone with multiple credit cards and a car loan may only be approved for $600,000.
Take the next step
Ready to explore your home loan options? Our expert brokers are here to guide you through the process and help you secure the best deal.