25/08/2026
Daycare costs and school fees
These can really add up and impact borrowing capacity massively, as the way the banks look at these expenses can vary from bank to bank.
How they categorise these in relation to their internal benchmarking can make a massive difference to your borrowing capability.
In a scenario for a client we ran recently, the difference was about $220,000 in borrowing capability between two of the main banks, with no other changes to the financial position.
It's not all about maxing out your borrowing. This can flow through to getting things like bridging finance approved if you're looking to upgrade to your next home.
