@the.finance.emporium: The average monthly living expenses for a family of five are around $5,356 per month? 🤯 When you're applying for a home loan, the bank doesn't just look at your incom, they also assess your household expenses. The higher your living expenses, the lower your borrowing capacity could be. That's why understanding your spending habits before applying for a home loan can make a huge difference. #FirstHomeBuyer #HomeLoanTips #MortgageBrokerAustralia #PropertyAustralia #HomeLoan