Estimate how much you can borrow using the same building blocks a lender uses – your income after tax, living expenses, debts and the assessment-rate buffer. Then see an indicative purchase price with a 5% deposit.
Turn this estimate into a real number – free
Pop in your details and our team will confirm your true borrowing power and the package price you can reach, with the grants you qualify for. Free, no obligation.
How borrowing power works for first home buyers
Your borrowing power is set by your surplus income after living costs and commitments, tested against a buffered interest rate. Two incomes, fewer debts and lower credit card limits all lift it. Pairing strong borrowing power with the 5% Deposit Scheme (no LMI) and the grants you qualify for is how first home buyers get into a new build sooner. Read the full Queensland or Victoria first home buyer guide.
First, check which grants and schemes you qualify for, then book a free eligibility call.