Your borrowing capacity, or borrowing power, depends on your unique financial circumstances. Factors such as your income, assets, liabilities, and credit history all play a role in determining how much you can borrow. Additionally, borrowing amounts can vary between lenders, so it's essential to explore different options.

Use our home loan calculator to get an initial idea of how much you can borrow. If you want a tailored assessment, book an appointment and get the ball rolling!

Mortgage Choice brokers can help you find which of the hundreds of home loans offered by our panel of lenders will best suit your needs. Consider the questions in choosing the Right Home Loan to see which loan features are likely to be most important to you.

The deposit required depends largely on the type of home loan and, of course, the lender you select. As a general rule, if you are an owner-occupier you’ll require 5-10% of the purchase price as a deposit. Some eligible first home buyers can get a deposit as low as 5% under the Government's First Home Loan Deposit Scheme.

If you are an investor, you’ll ideally require 10% of the purchase price, although it's possible to purchase with less.

The First Home Owner Grant scheme is a one-off payment which varies by state or territory (from $10,000 up to $30,000) to assist eligible first home owners with purchase or construction costs. 

Find out more about the FHOG in your state: 

• New South Wales
• Queensland
• Victoria
• Western Australia
• South Australia
• Northern Territory
• Tasmania
• Australian Capital Territory

Stamp duty is a state government tax based on a property's selling price. Each state or territory has different rules and calculations; some states offer discounts or exemptions to first home buyers. Stamp duty can be a significant additional cost when buying property.