Who this guide is for
Lakemba buyers calculating whether their income supports a Lakemba purchase — particularly Bangladeshi families combining incomes for affordability.
- FHBs wondering if their salary supports Lakemba prices
- Couples calculating combined borrowing capacity
- Bangladeshi families with self-employed income
- Buyers assessing income vs savings tradeoff
The local picture
"What income do I need?" depends on deposit, debts, lender, and target property. Generic answers mislead. Specific income-property models help.
How Mortgagefy helps locally
Mortgagefy models your specific borrowing capacity for Lakemba based on your income, savings, debts, and the right lender.
Bengali support. Free advice.
How it works — 4 simple steps
1
Free income calculation
20-minute call (Bengali) about your income and Lakemba goals.
2
Map borrowing capacity
We model what you can borrow for Lakemba.
3
Compare lender options
We identify lenders that maximise your borrowing.
4
Settle in Lakemba
You move into your Lakemba home.
Frequently asked questions
$1.1M Lakemba house with 20% deposit — what income needed?
Need to borrow $880K. Typical lender requires household income $130K-$160K with low other debts. Single income usually too low; couples or multiple incomes needed.
Can a single Bangladeshi income buy in Lakemba?
Hard. Single income would need $150K+ to comfortably support Lakemba house borrowing. Most single buyers buy units ($500K-$750K) or with parental support.
Combined income $100K — what can we afford in Lakemba?
Combined $100K typically supports $550K-$700K borrowing. With $100K deposit, that's $650K-$800K total — enough for Lakemba units, not houses.
Can business income count for Lakemba purchase?
Yes — through specialist lenders. Bangladeshi business income with 2 years BAS works for Lakemba purchases.
Do FTB and child support count?
Some lenders include FTB at 100%; others discount. Child support 80-100% with formal arrangement. Lender choice affects total income recognition.
Find your real Lakemba borrowing capacity
Free 20-minute call with Bengali support.
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