Find out what you can actually borrow — in 2 minutes

Australian lenders updated their criteria in 2026. Most buyers are working off the wrong number.

Income

Annual gross income — primary applicant120,000

Annual gross income — second applicant (optional)0

Other income (rental, dividends) — annual0

Expenses

Monthly living expenses3,000

Banks use HEM (Household Expenditure Measure) as a floor — they'll use whichever is higher, your declared expenses or HEM.

Household

Location

Number of dependants0

Existing debt repayments per month (cards, car, personal loans)0

Loan details

Deposit available100,000

Loan term

Interest rate assumption (%)6.35

Serviceability buffer: +3% — APRA requires lenders to assess your repayments at 3% above the actual loan rate, to make sure you can still afford it if rates rise.

Your estimated borrowing power

$366,295

Max purchase price with your deposit

$466,295

Estimated monthly repayment

$2,279/mo

Stress test: rates rise another 1%

See how your borrowing power changes if the buffer effectively climbs to +4%.

Breakdown

Net monthly income (after ~32% tax + Medicare): $6,800
Declared monthly expenses used: $3,000
HEM baseline for your household: $2,500
Existing debt repayments: $0
Available for repayments (surplus × 80%): $3,040/mo
Serviceability rate used: 9.35%

Suburbs in your budget

Medians within ±20% of $466,295.

ElizabethSA · $490,000 PalmerstonNT · $520,000

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This calculator provides an estimate only. Actual borrowing capacity depends on your full financial profile and lender assessment criteria. This is not financial advice — speak to a licensed mortgage broker for personalised guidance.