Your borrowing power, every upfront cost, and which government schemes you qualify for, mapped from your maximum price downwards, across NSW, VIC, QLD, WA and SA.
Your situation
Est. borrowing power
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income & expenses, 3% assessment
Max purchase price you could reach
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borrowing power + your funds
First Home Guarantee cap
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5% deposit, no LMI
Your maximum purchase price
Price steps
Swipe across to see stamp duty, schemes & more →
Purchase pricei
Loani
LVRi
DTIi
Stamp dutyi
LMIi
Cash neededi
Monthlyi
Schemesi
Comfortable
Stretch: high DTI or needs LMI
Risky: DTI over 7× or over the LMI cap
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See every price point
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First time here? This tool is part of Finvyne.
Finvyne is an email newsletter for people looking to stay up to date and educated with the property market, without the unnecessary hype from the media or real estate agents. Whether you're saving up for your first home or weighing up your next move, every issue is built to help you make sharper decisions with clear information.
Borrowing power is a deliberately simple estimate: it takes 60% of your gross monthly income, subtracts living expenses (the higher of what you enter or a household benchmark, indexed up ~12% from its 2023 base), any HECS repayment and any credit card commitment, then works out the loan that surplus could service at your rate plus a 3% assessment, the serviceability buffer lenders apply. A real lender's assessment will differ. Each row steps the price down from there.
Credit cards are assessed on the approved limit, not the balance: lenders assume a repayment of about 3.8% of the limit per month, so even a card you clear each month reduces what you can borrow. Enter your combined limit across all cards.
HECS uses the marginal repayment system on the 2026-27 thresholds: nothing to $69,528, then 15c per dollar to $129,717, stepping up from there.
FHSS (First Home Super Saver) lets you release voluntary super, up to $50k per person, $100k per couple, for your deposit. The release is taxed on the way out, so enter the after-tax amount you expect in hand, not your raw contributions.
Stamp duty uses each state's current transfer-duty scale with the first-home concession applied. Notably: QLD and SA charge $0 on new builds, and QLD also charges $0 on first-home vacant land (no cap); SA gives no first-home relief on existing homes; WA reflects the 2026-27 package (nil to $600k, concession to $800k, from late July 2026) with the concessional rate derived from the general scale pending RevenueWA's final schedule. VIC vacant-land concessions use a close linear approximation of the official tables.
First Home Owner Grant, new builds only: $10k NSW/VIC/WA, $30k QLD, $15k SA, within each state's value cap.
First Home Guarantee, since 1 Oct 2025 no income test and no place limit: a 5% deposit is enough and there's no LMI, as long as the price is under your region's cap. It doesn't apply to buying vacant land on its own.
LMI is an indicative premium on the loan amount for LVRs above 80% when you're not using the Guarantee, real premiums vary by lender and insurer.
Assumptions
You are a first home buyer
You are an Australian citizen or permanent resident
You are over 18
You or your partner have never previously owned a home
This calculator provides general information only and is not financial, tax or credit advice. The borrowing power shown here is an estimate only, not a loan pre-approval, and is not financial advice or advice from a licensed provider. Every figure is an estimate and your circumstances will differ, so confirm with a licensed professional and the relevant state revenue office before you make any decisions. Finvyne is an education brand and does not provide credit assistance.
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