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Borrowing capacity

How much can I borrow on a $220,000 salary?

Estimated borrowing capacity: $1,360,000. Select your state and buyer type — stamp duty and upfront costs update below. Adjust the assumptions if they don't match your situation.

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These assumptions are built into the estimate — check they match your situation
Borrowers1 (single)
Existing debtNone
Assessment rate7.35% (RBA 4.35% + 3.0%)
Living expensesHEM metro ($2,800/mo)
Loan term30 years P&I
HECS / student debtNone
DependantsNone
Tax yearFY2026 ATO rates
⚠ Assessment rate sourced from RBA F1 data (effective 2026-08-06), updated automatically each week. For a result using your actual debts, HECS, and dependants, use the calculator →
$1,360,000
Estimated borrowing capacity
Your take-home pay is approximately $12,161/month. After living expenses, you can service a loan of $1,360,000 at 7.35%.
With a $100,000 deposit, you can target properties up to $1,460,000
Upfront costs — NSW, first home buyer
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How borrowing capacity changes
Scenario Capacity Change
Single, no debt baseline above $1.4m —
Partner on $80,000 $1.7m +$365k
Partner on $60,000 $1.6m +$240k
$15k credit card limit $1.3m $-85000
$5k credit card limit $1.3m $-30000
$50k HECS debt $1.1m $-265000
$30k HECS debt $1.1m $-265000
1 dependant $1.3m $-75000
2 dependants $1.2m $-145000
Suburbs within reach — NSW
Mount Waverley VIC › Doncaster East VIC › Bentleigh East VIC › Preston VIC › Doncaster VIC › Coburg VIC ›
Get a personalised figure Enter your actual debts, HECS, and dependants in the deposit checker.
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