Quick read:Banks typically assess at 3% above current rates to build in a buffer. Your actual limit depends on the lender, your credit file, and the property itself.
This is an estimate only and does not constitute financial or tax advice. Every lender uses different criteria — always get a formal pre-approval. Always confirm with a qualified professional.
Every lender assesses this differently — living-expense benchmarks, how they treat HECS and existing card limits, and the buffer rate they apply. Two lenders can land more than $100k apart on the same income.