Borrowing capacity
We don't calculate this in-app.
A real borrowing-capacity figure depends on lender-specific HEM tables (Household Expenditure Measure) indexed by income tier, postcode, and household composition. Different lenders also weigh HECS-HELP repayments, credit-card limits, and rental income very differently. A simplified in-app estimate would be wrong often enough to be misleading — and we'd rather not mislead you.
A licensed mortgage broker is the right next step. Brokers run your numbers across multiple lenders, factor in current rate offers and policy differences, and produce a real pre-approval letter you can take to auction. Their service is normally free to you — lenders pay the commission.
What you can do right now
- Get a pre-approval from a broker — most brokers can give you an indicative number within 24-48 hours and a formal pre-approval in 1-2 weeks. Look for one accredited with the MFAA (Mortgage & Finance Association of Australia) or FBAA.
- Tighten your inputs first — pay down credit-card limits (banks assess your limit, not balance), close unused store cards, and have your last two payslips + tax notice ready.
- Check scheme eligibility — the federal First Home Guarantee, NSW First Home Buyer Assistance Scheme, FHOG (new builds), and FHSSS (super withdrawal) can change what you can afford. We can help you map those.