Home Affordability Calculator
Discover how much property you can afford based on your income, existing debts, and available deposit. Start your Perth property search with a realistic budget.
Car loans, personal loans, credit cards, HECS-HELP, etc.
Recommended max percentage of income for housing + debts
This calculator provides estimates based on general guidelines. Actual affordability depends on credit score, specific lender requirements, and other factors. Get pre-approved for an accurate assessment.
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How the Affordability Calculator Works
This calculator estimates your maximum home price based on common Australian lending guidelines. Here's what each input means:
Annual Household Income
Your total gross (before-tax) income from all sources, including salary, investments, rental income, and any regular government payments. If buying with a partner, include their income too.
Monthly Debt Payments
Include all existing monthly debt obligations: car loans, personal loans, credit card minimum payments, HECS-HELP/HELP debt, afterpay/buy-now-pay-later, and any other regular debt payments.
Available Deposit
The cash you have saved for your deposit. This includes savings, gifts from family (gift letters may be required), and any proceeds from property sales.
Debt-to-Income (DTI) Preference
This represents the percentage of your income that can go towards housing costs plus existing debts:
- Conservative (28%): Safest option with maximum financial flexibility
- Moderate (36%): Standard lending guideline for most borrowers
- Aggressive (43%): Higher borrowing, tighter budget - suitable for high-income earners with stable jobs
Property Tax & Insurance
When enabled, this accounts for approximately 1.5% of the property value annually for council rates, land tax (if applicable), building insurance, and strata fees (if applicable).
Understanding Your Results
- Maximum Home Price: The most you could potentially afford
- Maximum Loan: How much you'd need to borrow
- Deposit %: Your deposit as a percentage of the home price
- Est. Monthly Payment: Your expected monthly mortgage repayment
Pro Tip: Just because you can borrow up to a certain amount doesn't mean you should. Consider your lifestyle, future plans, and emergency fund before committing to your maximum budget.
Important: This calculator provides estimates based on general lending guidelines. Actual borrowing capacity depends on your credit score, employment history, lender policies, and current APRA regulations. Always get pre-approval from a lender for your actual borrowing capacity.
Tips to Increase Your Buying Power
savings Increase Your Deposit
A larger deposit means a smaller loan, lower monthly payments, and possibly avoiding LMI. Even an extra 5% can make a significant difference.
credit_card_off Reduce Existing Debts
Pay off credit cards, car loans, and personal loans before applying. This directly increases your borrowing capacity.
trending_up Check for Grants
First home buyers may be eligible for the First Home Owner Grant, stamp duty concessions, or First Home Super Saver Scheme.
compare Shop Around for Rates
Even a 0.25% difference in interest rate can save thousands over the life of your loan. Use a mortgage broker or compare lenders yourself.
Our Services for Property Buyers
Complete Buying Service
We handle everything from property search to settlement, finding properties that match your budget and requirements.
Property Evaluation
Independent property assessment to ensure you're paying fair market value for any property.
Investment Properties
Data-driven analysis to help you find high-yield investment properties within your budget.
Know Your Budget? Let's Find Your Property
Our buyers agents have access to off-market properties and expert negotiation skills. We can help you maximise your budget and secure the right property.