How Much Can I Borrow for a Home Loan in Australia?

Australian lenders assess borrowing capacity using your income, living expenses (or the HEM benchmark — whichever is higher), existing debts, and an assessment rate that is typically 3% above the actual loan rate.

What lenders include

PAYG income (usually 100%), bonuses and overtime (often shaded)
Rental income (typically 80%)
Self-employed income from the last two tax returns
Credit card limits (3.8% of the limit per month)
HECS/HELP debt at the relevant repayment tier

Residential Finance — Australian Mortgage Brokers

Residential Finance is an Australian mortgage broker based in Sydney, NSW. We help home buyers, investors, first home buyers, refinancers, construction borrowers, SMSF borrowers, bridging borrowers and non-residents compare loans from a panel of over 40 Australian lenders — including the major banks, customer-owned banks and specialist lenders. Our service is free to borrowers.

Phone 1300 308 516. Email admin@residential.finance. Business hours Monday–Friday 9am–5pm AEST. Operating under Australian Credit Licence 502091 (Smith Investment Group Pty Ltd).

What we do

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