Vision Asset Group · First Home Buyers
How Much Could You Borrow?
If you're renting in Sydney, see a rough borrowing range based on your income, expenses and deposit, not just your rent. It's an indicative estimate only. Your lender or a licensed mortgage broker sets the real figure. Free guide, no obligation.
Your numbers
Move the figures to match your situation. Everything updates instantly.
This is what banks actually use. Buying with a partner? Enter your combined income.
Our starting estimate — adjust to your real spending.
Banks count your limit, not your balance.
Add your income above for a more useful estimate. Without it, this only shows what your rent alone would cover, which is usually well below what lenders consider.
Indicative estimate for general information only. It is not credit advice, a loan offer or an approval. Vision Asset Group is a real estate agency and does not hold an Australian Credit Licence. Your actual borrowing capacity is set by each lender. Speak with a licensed mortgage broker or lender for a precise figure.
How the bank really sees it
Monthly repayment per $100,000 borrowed
Principal & interest over 30 years. Multiply by your expected loan size for a feel.
| Variable rate (p.a.) | Per $100,000 | e.g. $500,000 loan |
|---|---|---|
| 6.0% | ~$600 | ~$3,000 / mo |
| 6.5% | ~$632 | ~$3,160 / mo |
| 7.0% | ~$665 | ~$3,325 / mo |
| 7.5% | ~$699 | ~$3,495 / mo |
After the Reserve Bank lifted the cash rate to 4.85% on 3 November 2026, standard variable rates now start from around 6% (varies by lender, product and LVR). Check current rates with your lender or a licensed mortgage broker before relying on any figure.
Assessment rate = your rate + 3%
Lenders generally test whether you could still repay if rates rose about 3% (the APRA serviceability buffer), so the amount a lender offers is usually lower than a simple rent-to-repayment conversion. The estimate above includes a 3% rate buffer for illustration. Each lender applies its own policy.
Deposit + upfront costs
You'll typically need a 5–20% deposit plus a few thousand in legal, inspection and other costs. Stamp duty may be waived depending on your situation and price.
Income, expenses & credit
Banks count your credit card limits (not just balances), HECS, and regular commitments as expenses. Tidying these up 3–6 months before applying can meaningfully change your limit.
Ready to look at homes in your range?
Our team can show you new homes in the price range you're exploring and explain how Help to Buy and other schemes work. For your exact borrowing capacity, speak with your lender or a licensed mortgage broker. Enter your details above, or call 0493 109 166.