As a rule of thumb, affordability for a home loan is based around 30% of your gross monthly income as well as on disposable income. A pre-approval is the best way to kick off your journey in searching for your dream home. Owning a home is a long-term commitment and should complement your lifestyle, but at the same time fit your monthly budget. Take your time to determine your comfortable home loan repayment and be honest in terms of your reliable income and monthly expenses. Consider future savings, such as retirement planning and upcoming expenses like children’s education fees, travelling and home improvements, when planning your finances. Do the maths, because the banks definitely will. Our bond affordability calculators take the guesswork out of the numbers. Try them now.