Call
1300-729-177
or 02-9210-1000
- An idea of your borrowing capacity ...
How much can I borrow? ...
When you purchase a house, the amount you can borrow and property price capacity is generally based on the following ...
- The amount of deposit you have available
- The level of your income.
- Each bank's internal serviceabilty criteria which amongst other things is linked to interest rates, cost of living, your exiting liabilities etc.
The following table gives you a rough idea of how your "level of income" (item 2 above) affects your borrowing capacity. Your maximum will differ between different lenders. Please note that for simplicity, this table assumes you have no liabilities (ie no other loans).
Remember, our service is provided completely free to you so if you want to know your exact borrowing capacity, we recommend the following.. Firstly, you can click on the following link to go to our online enquiry form. It only takes 5 minutes to complete and with this information we can assess your loan options. This is not a loan application and it's no obligation..... it just allows us to work out your loan capacity and inform you of what position you are in. Also, when we send you your assessment email, we'll also include parts 1 and 2 of our free Home Loan Advice Centre e-Course. The e-Course is a 35 page indepth guide that gives you all the information you need about buying property in Australia. It goes through the common methods of purchasing property and gives an indepth description of each stage in the entire home buying process. It's especially usefull to first home buyers. Click here to see a sample of what the e-Course contains (pdf opens in new window) |
Approx Max Borrowing Capacity Table
*note this table is based off an applicant's net (ie after tax) income per year
| Combined net yearly income | Single applicant | Joint applicants* | Joint applicants +1 dependant | Joint applicants +2 dependents | Joint applicants +3 dependents | Joint applicants +4 dependents |
| $20,000 | $91,000 | $50,000 | $26,000 | $0 | $0 | $0 |
| $30,000 | $208,000 | $156,000 | $125,000 | $103,000 | $82,000 | $65,000 |
| $40,000 | $315,000 | $271,000 | $240,000 | $220,000 | $195,000 | $170,000 |
| $50,000 | $430,000 | $375,000 | $328,000 | $328,000 | $305,000 | $280,000 |
| $60,000 | $540,000 | $489,000 | $442,000 | $435,000 | $365,000 | $356,000 |
| $70,000 | $650,000 | $600,000 | $555,000 | $509,000 | $462,000 | $455,000 |
| $80,000 | $770,000 | $710,000 | $669,000 | $622,000 | $575,000 | $553,000 |
| $90,000 | $889,000 | $829,000 | $782,000 | $736,000 | $689,000 | $652,000 |
| $100,000 | $1,003,000 | $943,000 | $896,000 | $849,000 | $802,000 | $756,000 |
| $110,000 | $1,117,000 | $1,056,000 | $1,009,000 | $963,000 | $916,000 | $869,000 |
| $120,000 | $1,230,000 | $1,170,000 | $1,123,000 | $1,076,000 | $1,029,000 | $983,000 |
| $130,000 | $1,344,000 | $1,284,000 | $1,237,000 | $1,190,000 | $1,143,000 | $1,097,000 |
| $140,000 | $1,457,000 | $1,397,000 | $1,350,000 | $1,303,000 | $1,257,000 | $1,210,000 |
| $150,000 | $1,571,000 | $1,511,000 | $1,464,000 | $1,417,000 | $1,370,000 | $1,324,000 |
* Joint applicants in these cases implies a couple (either married or de facto). Maximum loan levels will be less in the case of 2 individuals making a joint application (ie 2 friends) These figures are a rough guide and are not intended to imply these levels are achievable for all applicants. Other factors need to be considered in all applications.
Or .... speak to us to find your exact capacity
If you'd prefer to talk to someone, please call Home Loan Advice Centre on 1300-729-177 or on 02-9210-1000.
