How Much Can Bryan Borrow? Borrowing Power Assessment for a Support Worker with 3 Dependents (2025)
Bryan, a dedicated support worker based in Perth, earns $154,000 annually and supports three young children. Despite his strong income, his current financial commitments suggest a borrowing capacity of $0. However, with a detailed review of his debts, equity and potential strategies, Bryan can reshape his borrowing power.
Bryan’s Financial Overview
At 35 years old, Bryan balances a stable career with caring for three dependents under five, incurring substantial regular expenses.
- Mortgage balance: $440,000
- Car loan: $75,000
- Personal loan: $30,000
- HECS debt from university
- Credit cards: $15,000 total limit
- Monthly living expenses: $9,500 (child care, utilities, etc.)
These obligations result in a $1,911 monthly shortfall, affecting his loan eligibility.
Exploring Borrowing Opportunities
Available Equity
- Home market value: $780,000
- Usable equity: $184,000
This equity could fund a deposit on an investment property, provided he reduces debts and increases income.
Path to Enhanced Borrowing
To fund a $700,000 investment (20% deposit = $140,000), Bryan needs to borrow $560,000. He requires a monthly surplus of about $6,216. Potential steps:
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- Maximise tax deductions and improve cash flow
- Understand Division 40 vs 43 and how to claim both
- Position yourself to reinvest and scale faster
- Boost income: Seek promotions or side income to reach $240,000 per year.
- Reduce debt: Clear $36,000 in personal and credit card loans.
- Restructure mortgage: Switch to interest-only repayments to save $987 monthly.
Implementing these measures could raise his surplus to $5,375 per month and boost borrowing capacity to around $699,000.
Strategic Approach to Property Investment
Benefits of Property Investment
Investment property can grow Bryan’s wealth through capital gains and tax deductions for interest, depreciation and maintenance.
Key Considerations
- Lender criteria: Compare multiple lenders for the best borrowing terms.
- Tax advice: Consult a tax professional to maximise deductions.
- Long-term planning: Engage a financial advisor to secure his family’s future.
Conclusion
While Bryan’s current borrowing power appears limited, focusing on increasing income, cutting debt and leveraging equity can unlock real investment opportunities. With a clear strategy, he can transform his borrowing capacity and build a sustainable path to property ownership.
For personalised guidance, talk to a property investment advisor today.
