Vision Asset Group · First Home Buyers
How Much Could You Borrow?
If you're renting in Sydney, that money is going into someone else's mortgage. See in seconds roughly how much you could borrow and what price range that puts within reach — based on the bank's real serviceability assessment, not a guess. Get your free guide — no cost, no obligation.
Your numbers
Move the figures to match your situation. Everything updates instantly.
Indicative estimate for general information only — not financial, credit, or tax advice. Your actual borrowing capacity depends on your income, expenses, existing debts, credit history, and each lender's assessment. 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 |
|---|---|---|
| 5.7% | ~$580 | ~$2,900 / mo |
| 6.0% | ~$600 | ~$3,000 / mo |
| 6.5% | ~$632 | ~$3,160 / mo |
| 7.0% | ~$665 | ~$3,325 / mo |
As of July 2026, variable rates sit roughly between 5.7% and 6.9% (varies by lender, product and LVR). Check current rates before relying on any figure.
Assessment rate = your rate + 3%
Lenders must check you could still repay if rates rose ~3% (the APRA serviceability buffer). A 6% loan is assessed at 9% — which is why a real approval is usually 15–25% lower than a simple rent-to-repayment conversion. This calculator already applies that buffer.
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.
Want the exact figure for your situation?
Our team can walk you through your exact borrowing capacity, government schemes you may qualify for, and the next steps. Enter your details above and we'll be in touch, or call 0493 109 166.