How much you can borrow for a home loan in Australia depends on your income, existing debts, living expenses, and the lender’s credit assessment. Use the guides below to find the right starting point for your situation.
Borrowing Power by Salary
Single Income
- How Much Can I Borrow on a $60,000 Salary?
- How Much Can I Borrow on a $70,000 Salary?
- How Much Can I Borrow on an $80,000 Salary?
- How Much Can I Borrow on a $90,000 Salary?
- How Much Can I Borrow on a $100,000 Salary?
- How Much Can I Borrow on a $120,000 Salary?
- How Much Can I Borrow on a $150,000 Salary?
- How Much Can I Borrow on a $200,000 Salary?
Joint Income
- How Much Can I Borrow on a Joint Income of $100,000?
- How Much Can I Borrow on a Joint Income of $150,000?
- How Much Can I Borrow on a Joint Income of $200,000?
Income Needed by Property Price
- Income Needed to Buy a $500,000 House
- Income Needed to Buy a $600,000 House
- Income Needed to Buy a $700,000 House
- Income Needed to Buy a $800,000 House
- Income Needed to Buy a $900,000 House
- Income Needed to Buy a $1,000,000 House
- Income Needed to Buy a $1,500,000 House
Affordability by City
- Income Needed to Buy in Sydney (2026)
- Income Needed to Buy in Melbourne (2026)
- Income Needed to Buy in Brisbane (2026)
- Income Needed to Buy in Perth (2026)
Rent vs Buy by City
- Rent vs Buy Sydney — Which Makes More Sense in 2026?
- Rent vs Buy Melbourne — Which Makes More Sense in 2026?
- Rent vs Buy Brisbane — Which Makes More Sense in 2026?
- Rent vs Buy Perth — Which Makes More Sense in 2026?
Decision Guides
- Paying Off Debt vs Saving for a House — Which First?
- Is Now a Good Time to Buy Property in Australia?
Quick Affordability Reference
The table below shows estimated borrowing power at different income levels, assuming:
- Single applicant
- 30-year loan term
- 6.00% interest rate (assessed at 9.00% buffer)
- Moderate living expenses ($3,000–$4,000/month depending on income)
- No credit card debt or other loan commitments
| Annual gross income | Estimated borrowing power | Monthly repayment at 6% |
|---|---|---|
| $60,000 | ~$290,000–$330,000 | ~$1,740–$1,980 |
| $80,000 | ~$400,000–$460,000 | ~$2,400–$2,760 |
| $100,000 | ~$520,000–$590,000 | ~$3,120–$3,540 |
| $120,000 | ~$640,000–$730,000 | ~$3,840–$4,380 |
| $150,000 | ~$820,000–$940,000 | ~$4,920–$5,640 |
| $200,000 | ~$1,100,000–$1,300,000 | ~$6,600–$7,800 |
These are indicative estimates only. Use our borrowing power calculator for a more detailed estimate tailored to your situation.
Borrowing power varies significantly between lenders and depends on your individual circumstances. For advice tailored to your situation, speak with a licensed mortgage broker or financial adviser. Find one through MoneySmart.