Last updated: July 2026 · Reviewed by John Pierre Saliba, Director and Mortgage Broker, MFAA Accredited
Borrowing Power on $300,000 Per Year
On a $300,000 salary, you can typically borrow approximately $1.65M to $1.8M. Eastern suburbs and North Shore houses become accessible. Lend & Loan compares 50+ lenders. Call 02 8046 3933.
Estimates only. Actual borrowing power varies by lender, expenses, debts, and personal circumstances.
On a $300,000 gross salary with no dependants and minimal debts, most Australian lenders will approve a home loan between $1.65 million and $1.8 million. At this income level, you are in the top 3% of Australian earners. Lenders assign dedicated relationship managers and offer their best pricing.
At $300K, the complexity is typically in the income structure rather than capacity. Senior executives, medical specialists, law firm partners, and business owners at this level often have income split across base salary, bonuses, commissions, dividends, and trust distributions. How the lender treats each component determines your borrowing power.
$DISCLAIMERAt $300K, I regularly negotiate rate discounts of 0.25% to 0.40% below advertised rates. On a $1.65M loan, a 0.30% discount saves $4,950 per year. Most borrowers at this level also qualify for both profession-based and location-based LMI waivers, which can save $40,000 to $60,000 on the purchase.
What Affects Your Borrowing Power?
Income structure and documentation
Base salary, bonuses, commissions, RSUs, partnership draws, dividends, and trust distributions are all treated differently. Some lenders use 100% of consistent bonuses, others shade by 50%. For medical specialists or partners with variable drawings, the right lender can mean $250,000+ more borrowing power.
Existing portfolio commitments
At this income level, many borrowers already hold investment properties or have complex lending structures. Existing investment loan commitments, margin loans, and multiple credit facilities all reduce capacity. Restructuring existing debt before applying can unlock significant additional borrowing power.
Property type and value
At the $2M+ purchase price range, some lenders have maximum LVR restrictions (e.g., 80% maximum for properties over $2M). Lender selection becomes critical to ensure you can borrow what you need at the best rate.
Premium lender pricing
At $1.5M+ loan sizes, major lenders offer "priority" or "prestige" pricing that is not available to smaller borrowers. A broker with direct access to these pricing channels can save you thousands per year.
What Can You Buy on $1.65M to $1.8M?
With borrowing power of $1.65M to $1.8M, plus a 20% deposit, your total purchase price sits around $2.06M to $2.25M. This is premium territory across Sydney's most desirable suburbs.
Eastern Suburbs houses in select pockets, Lower North Shore houses in Cremorne and Neutral Bay, premium units in Mosman and Double Bay, and houses in Balmain and Manly all fall within this range. These are among Sydney's most sought-after locations with strong long-term capital growth.
Single vs Couple on $300K
| Scenario | Borrowing Power | Monthly Repayment |
|---|---|---|
| Single, $300K, no debts | $1.65M - $1.8M | ~$10,050/mo |
| Single, $300K, $60K car + investment loan | $1.45M - $1.6M | ~$8,830/mo |
| Couple, $300K combined, no debts | $1.55M - $1.7M | ~$9,450/mo |
| Couple, $300K combined, 2 children | $1.4M - $1.55M | ~$8,530/mo |
Estimates only. Actual borrowing power varies by lender, credit history, and individual circumstances. Rates and calculations as at June 2026.
How to Maximise Your Borrowing Power
- Restructure existing debt before applying (consolidate investment loans, close unused facilities).
- Document all income streams thoroughly (2+ years of tax returns, payslips, partnership agreements, trust distribution minutes).
- Leverage both profession and location LMI waivers for maximum deposit efficiency.
- Consider loan structuring across multiple splits (variable/fixed, offset, investment vs owner-occupied).
- Use a broker who has access to premium pricing channels at major lenders.
Get a personalised estimate with our borrowing power calculator. For a precise figure across 50+ lenders with premium pricing, call John on 02 8046 3933 or book a free consultation.
