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On a $200,000 gross salary with minimal debts and average expenses, your estimated borrowing power is approximately $1,050,000–$1,250,000. At this income level, you can comfortably target premium properties in most Australian capital city markets.
Use our Borrowing Power Calculator for a personalised estimate based on your income, debts, and expenses.
On a single $200,000 income, borrowing $1.5 million is unlikely unless you have very low expenses and zero debts. With a partner earning $60,000+, combined borrowing power could reach $1.5 million depending on total expenses and existing commitments.
Yes. On $200,000, HECS/HELP repayments are approximately 9% of income ($18,000/year), significantly reducing your borrowing power by $80,000–$100,000. Paying off HECS before applying can materially increase your capacity.
On $200,000 alone, you already have strong purchasing power. Buying as a couple increases capacity but also ties your largest asset to the relationship. Consider your personal circumstances, but financially a joint application on two incomes is always more powerful.
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