Purchasing Power Calculator
Need more than just numbers?
Although this calculator will give you an indication, the finer details could mean thousands of dollars difference a year on your loan– please just get in touch to understand a potential loan in more detail. We're here to help.
What is a Purchasing Power Calculator, and how does it help?
A Purchasing Power Calculator helps you estimate how much you can afford to borrow for a home loan based on your income, expenses, and financial situation.
It provides an instant snapshot of your potential borrowing power, making it easier to set realistic property goals.
We specialise in helping home buyers understand their financial options and secure the best loan for their needs.
Why should I use a Purchasing Power Calculator before applying for a home loan?
Using a Purchasing Power Calculator before applying for a home loan gives you a clear idea of your borrowing capacity, helping you avoid unrealistic expectations. It also allows you to compare different loan scenarios and prepare for discussions with lenders.
We guide first-home buyers through every step, ensuring you secure a loan that fits your budget and lifestyle.
What factors affect my purchasing power for a home loan?
Your purchasing power is determined by several key factors, including:
- Your income and employment status
- Your current debts and financial commitments
- Your credit score and financial history
- The size of your deposit
- The lender’s interest rates and borrowing criteria
We help buyers navigate these factors to maximise their borrowing potential and find the right home loan.
How accurate is a Purchasing Power Calculator?
A Purchasing Power Calculator provides a reliable estimate based on the details you enter, but it doesn’t guarantee loan approval. Lenders may have additional requirements that affect your borrowing capacity.
That’s why we offer personalised consultations for buyers, ensuring you get an accurate and tailored assessment of your home loan options.