Good to know
How accurate is this?
It’s a rough guide only. It estimates your after-tax income, subtracts your expenses and commitments, and works out a loan a lender might allow at your rate plus a 3% serviceability buffer over 30 years. Real lenders use their own expense benchmarks (HEM), buffers, deposit/LVR rules and credit checks, so your actual figure can differ a lot.
Why add 3% to the rate?
Lenders are required to test whether you could still afford repayments if rates rose — usually by around 3 percentage points. We apply the same buffer so the estimate is realistic, not optimistic.
What counts as commitments?
Minimum monthly repayments on other loans, buy-now-pay-later, and the assessed minimums on credit-card limits (lenders count the limit, not the balance). HECS/HELP and childcare also affect real assessments.
What’s the next step?
Send yourself this estimate and we’ll run a proper borrowing-capacity assessment across a panel of 40+ lenders — free, and with no impact to your credit score to get started.