How much can I borrow?
  • An idea of your borrowing capacity ...
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How much can I borrow? ...

The amount you can borrow is generally affected by the following ...

  • your deposit
  • your income
  • bank's serviceabilty criteria - which is linked to interest rates, cost of living, and your existing liabilities etc.

The following table gives you a guide to how your income level (item 2 above) affects your borrowing capacity. Your maximum will differ between different lenders. Note this table assumes you have no liabilities (ie no other loans). .

Sample Borrowing Capacity Table

Combined net yearly income Single applicant Joint applicants* Joint applicants +1 dependant
$20,000 $91,000 $50,000 $26,000
$30,000 $208,000 $156,000 $125,000
$40,000 $315,000 $271,000 $240,000
$50,000 $430,000 $375,000 $328,000
$60,000 $540,000 $489,000 $442,000
$70,000 $650,000 $600,000 $555,000
$80,000 $770,000 $710,000 $669,000
$90,000 $889,000 $829,000 $782,000
$100,000 $1,003,000 $943,000 $896,000
$110,000 $1,117,000 $1,056,000 $1,009,000
$120,000 $1,230,000 $1,170,000 $1,123,000
$130,000 $1,344,000 $1,284,000 $1,237,000
$140,000 $1,457,000 $1,397,000 $1,350,000
$150,000 $1,571,000 $1,511,000 $1,464,000

* Joint applicants 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.


Home Loan Advice Centre's mortgage service is provided to you completely free of charge. We can do this because our lenders (30 of Australia's main lending institutions) pay us commissions based on the wholesale volume of loans our group refers to them. We can therefore, offer you our experience and expertise, and guide you through the entire home buying journey, without charging you a cent. You end up with exactly the same loan if you'd organised it through a bank yourself, but we do all the leg work and negotiations with the banks for you ..... a great result!

So if you are looking to buy a home or investment property visit our 5 minute online enquiry page. We'll assess your loan options and send you a full report of your capacity. Also we'll include parts 1 and 2 of our eCourse ... an indepth guide to buying property in Australia. Click to see a sample.