How Much Can You Borrow?
Why There’s No One-Size-Fits-All Answer One of the most common questions we get is: “How much can I borrow?” And the answer is… it depends.
RYAN REID
7/8/20251 min read
If you're considering buying a home in Australia, securing the right home loan is one of the most important steps. At Gold Door Finance, we simplify the process and guide you every step of the way. Whether you're a first home buyer, an investor, or upgrading to your next home, here's a clear breakdown of how to get a loan in Australia.
Why Borrowing Power Varies So Much
Every lender has their own method for working out how much you can borrow. They look at things like:
Your income (and whether it’s PAYG, casual, or self-employed)
Living expenses
Existing loans or credit cards
Number of dependants
Whether you're buying to live in or as an investment
Type of property
Loan term and interest rate
Even subtle differences, like how a bank treats your overtime or your HECS/HELP debt, can affect the result by tens or even hundreds of thousands of dollars.
When One Bank Says “No”, Another Might Approve
Just because one bank says you can’t borrow enough doesn’t mean it’s game over.
Lenders all assess applications differently. Some are more flexible with self-employed income. Others are better with investors. Some are strict on expenses; others are more generous.
That’s why working with a mortgage broker is so valuable. We know how each lender looks at your situation and can match you to the right one.
It’s Easier Than It Sounds
Getting a clear picture of your borrowing power doesn’t have to be complicated.
We’ll ask a few key questions about your income, expenses, goals, and any debts, then we’ll take care of the rest. The more open and honest you are, the better we can guide you.
Thinking About Buying or Refinancing? Let’s Chat.
Whether you’re just starting to plan or ready to go, getting clarity on your borrowing power is step one. And it’s a step you don’t have to take alone.
Get in touch with Ryan at Gold Door Finance for a free borrowing assessment, and let’s work out what’s possible.
Gold Door Finance
Your trusted mortgage broker
📧 ryan@golddoorfinance.com.au