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Borrowing power calculator

Use our borrowing power calculator to get an estimate of how much you could borrow for a home loan and what your repayments might be.

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Common questions

Borrowing power refers to the amount that a lender, like a bank, is likely to lend you when you take out a loan. When you're looking to buy a house, knowing your borrowing power is often the first step.

A lender considers many factors when assessing your borrowing power. Such as:

  • Your deposit (how much you can contribute to the loan)
  • Your income and income type
  • Your expenses and spending (like your bills and discretionary spending)
  • Assets and liabilities (like your car or other properties and other debt, like credit cards)
  • Credit history (including your current debt and ability to pay it off)

The purpose of the loan will impact your ability to borrow because a lender will also need to consider potential income or expenses associated with an investment property.

Ultimately, your relationship status does impact your borrowing power, particularly if you have dependants or live together and share things like expenses, other debt or assets together.

Your investment property will definitely be considered when a lender assesses your borrowing power. How your borrowing power is impacted will depend on many things, like whether the property is positively or negatively geared, the property value and your current loan. The best way to find out, is to chat to a Home Loan Specialists who can give you a better idea based on your circumstances.

When it comes to buying a house, you'll need to save a deposit and enough for other costs like stamp duty, inspection fees, house insurance, moving costs, bank fees and legal/settlement agent fees. You can read more about home buying costs in our guide to upfront home buying costs.

If you haven't already, make sure you chat to a Home Lending Specialist about next steps and getting Approval in Principle. Approval in Principle will give you confidence, and appear more attractive to sellers as you make offers on houses.

Home loan guides and tips

Things to consider

  • Lending and eligibility criteria, and fees and charges, apply for our home loans. Rates are subject to change.

Loans for a property to live in vs. investment purpose

Loans for a property to live in (owner-occupier loans) include but aren’t limited to loans to fund the purchase of a property, refinances of existing loans, and land or construction loans, where the borrower currently lives or intends to live at the property.

Loans for an investment purpose (investor loans) include but aren’t limited to loans where the predominant part is used to invest in shares, land, construction or an established property. They also include refinancing an investor loan.

Complete Home Loan Package

Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan. The Complete Home Loan Package is closed when all home loans included in the package are closed.
Under the package, only one optional Bankwest Qantas Mastercard, Bankwest More Mastercard or Breeze Mastercard account is allowed per customer. Minimum credit limit is $3,000 for the Bankwest Qantas Platinum Mastercard, $1,000 for the Bankwest More Classic Mastercard and the Breeze Classic Mastercard, and $6,000 for the Bankwest More Platinum Mastercard and Breeze Platinum Mastercard, and $12,000 for the Bankwest More World Mastercard and Bankwest Qantas World Mastercard.

Other fees and charges apply

When you buy a property, other fees may apply, including government and bank fees. Calculate stamp duty, LMI and other upfront costs of buying a home. Rates and fees are subject to change. A full list of fees will be set out in your home loan contract.

Download the Key Facts Sheet for these products.