How Much Can I Borrow on a $100k Salary in Melbourne in 2026?
If you earn $100,000 per year, buying a home in Melbourne may be more achievable than you think.
One of the most common questions I get asked is:
How much can I actually borrow on a $100k salary?
The answer depends on your full situation, but here’s a realistic guide.
Quick Answer
A person earning $100k may be able to borrow around:
Single Applicant
$450,000 to $500,000+
Couple (combined income higher)
$700,000 to $1M+
These are general estimates only. Every lender has different policies.
What Impacts How Much You Can Borrow?
Your salary matters, but lenders also look at:
- Credit card limits
- Car loans
- Personal loans
- HECS / HELP debt
- Living expenses
- Number of dependants
- Deposit saved
- Employment type
Same Salary, Different Outcome
Two people can earn the same income and still borrow very different amounts.
Buyer A
- Full-time PAYG employee
- No debts
- Strong savings
- Good credit history
Likely in a stronger position.
Buyer B
- Car loan
- Credit card limit of $20k
- HECS debt
- Higher monthly spending
May be able to borrow less.
How Much Deposit Might You Need?
Many first home buyers think they need 20%.
That’s not always true.
Some eligible buyers may be able to purchase with 5% deposit depending on lender policy and available schemes.
| Property Price | 5% Deposit |
|---|---|
| $600,000 | $30,000 |
| $700,000 | $35,000 |
| $800,000 | $40,000 |
Want to learn more?
Read my Melbourne deposit guide here.
What Could $100k Income Buy in Melbourne?
Depending on your deposit and debts, this income may suit:
- Apartments in established suburbs
- Townhouses
- House & land packages in growth areas
- Buying jointly with a partner
Easy Ways to Improve Borrowing Power
Lower Credit Card Limits
Even unused limits can reduce borrowing power.
Clear Short-Term Debt
Car loans and personal loans matter.
Improve Savings Position
Lenders like to see savings discipline.
Choose the Right Lender
Some lenders may assess your situation more favourably than others.
Should You Use Online Borrowing Calculators?
They can be useful for a rough guide.
But many calculators don’t factor in:
- HECS debt
- Credit card limits
- Different lender policies
- Real borrowing strategies
That’s why results can vary.
Want a More Accurate Borrowing Estimate?
If you’re earning around $100k and planning to buy in the next 3 to 12 months, I’d be happy to help.
I assist buyers across Melbourne, especially the western suburbs.
Book a quick chat here or DM HOME on Instagram @yashmortgagebroker
FAQ
Can I buy a house in Melbourne on $100k salary?
Yes, many buyers can, depending on deposit, debts and overall profile.
Can I borrow $700k on $100k income?
As a single income, often difficult. As a couple with additional income, it may be possible depending on the full application.
Does HECS debt reduce borrowing power?
Yes, it can impact serviceability.
Do unused credit cards matter?
Yes. Many lenders assess the full credit limit.
Need Help Planning Your Next Move?
Every buyer’s situation is different.
If you’d like a realistic borrowing estimate based on your income, deposit and goals:
Get in touch here.
