Use our free budget planner to map out your income and expenses. See exactly how much you have left over each month for savings, debt repayments, or a home loan deposit.
A budget planner compares your income against your living costs to show your monthly surplus or shortfall. It’s the first step to knowing what you can genuinely afford.
In our budget calculator, enter your income and expenses to see your net position at a glance. Lenders assess this closely when working out how much you can borrow, so it’s a good starting point before you apply, whether you’re saving for a deposit in Melbourne’s west or anywhere else in Victoria. Our brokers can help turn it into a real borrowing capacity
Common budgeting questions, answered simply.
A budget looks at your actual day-to-day spending; borrowing power estimates what a lender might approve based on your income, debts, and an assumed expense benchmark. Running both side by side gives the most realistic picture.
Anything recurring: housing costs, utilities, groceries, transport, insurance, subscriptions, childcare, and discretionary spending. Leaving categories out just makes your surplus look bigger than it really is.
Average it over the last 3–6 months for a more realistic figure. If you’re self-employed or on commission, a broker can talk you through how lenders assess variable income, too.
Most lenders apply a standard benchmark, like the Household Expenditure Measure, alongside your declared spending, then use whichever figure is higher. That’s a common reason the two numbers don’t match.
There’s no fixed rule, but many people aim for 20% or more of income toward savings and debt repayment. Your actual target depends on whether you’re building a deposit, an emergency fund, or paying down debt.
Yes, add the estimated new repayment as an expense line and see how it affects your surplus before you commit to it. It’s a good sense-check before increasing your borrowing.
Whenever something material changes, like a new job, a pay rise, or a new bill, it’s worth revisiting. The same goes before a big decision like buying a property, since a year-old budget rarely reflects your real position.
Check out our other free calculators below to compare rates, plan repayments, and see your full financial picture before you make your next move.
Once you know your surplus, we can help you turn it into a realistic borrowing plan or a savings timeline.
Credit Hub Australia
Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.
In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.
“Position is for Mortgage broker on commission/contract basis.”
Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.
You will act on leads and existing database as provided and generate sales and ongoing relations.
Actively participate in team meetings and contribute to the overall success of the business
You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.
In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.
Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.
A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.
Self-motivated and capable of working independently, while also thriving in a collaborative team environment.
Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.
Ability to manage multiple tasks, stay organized, and work reliably without supervision.
A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.
At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:
Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group.
If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.
