31/10/2026
‘This is the most the bank will lend me.’
Well, that depends on which bank you’re talking to.
Something I don’t think enough home buyers realise is just how differently lenders assess borrowing capacity.
Overtime, bonuses, commissions, salary packaging, child support, family payments, carer’s payments, pensions, WorkCover income… some lenders will consider income that others won’t, or they’ll calculate it differently.
Then there’s HECS debts, health insurance, body corporate fees, private school fees and how different lenders assess your living expenses and existing commitments.
And on top of all that, there are differences in lending policies and how lenders stress-test your ability to make repayments.
All of these things can make a significant difference to your borrowing capacity.
Now, I’m not suggesting everyone should borrow the maximum amount available to them. That’s a whole other conversation.
But if increasing your purchasing power is a priority, it’s worth exploring your options rather than assuming the first number you’re given is the final answer.
And that goes for people who’ve already spoken to a broker too.
Go back and have the conversation. Ask whether other lenders or strategies have been considered. And if you’re still unsure, get a second opinion.
Because sometimes there’s more opportunity than you realise.
