Enter your location and building preferences (such as size, style, and materials) into RAMS Construction Calculator and get an estimate of how much your new build could cost.
Building or renovating a home is no easy project to take on but with useful tools and resources, expert guidance plus any eligible government grants, your dream home could become a reality. At RAMS, we can structure your home loan to make building or renovating more manageable, and be by your side every step of the way.
To get you started, estimate how much your new build could cost and how much you could afford to borrow based on your lifestyle with our construction calculator.
This is an estimate of an amount you may be able to borrow, based on the information and interest rate you input. If you change any of the information, including the interest rate, you will obtain a different result. The result does not include any applicable fees. This is not an offer of credit, and you should not rely on it. Any amount you may be able to borrow can only be determined once you submit a full application to us and we assess your application using our credit criteria applicable at that time. The application process considers more information than you have input here, and so any amount you may be able to borrow may differ from this estimate. This estimates is indicative only and actual costs and the amount you could borrow may vary based on a number of factors including loan purpose. Before acting on the results of this estimation you should seek professional advice and contact your local RAMS Home Loan Specialist. Credit criteria, fees, charges, terms, conditions and eligibility requirements apply. RAMS home loans are not available for foreign borrowers residing outside Australia. *Suitable for residential properties, other than strata titles.
The Cordell Sum Sure calculator takes the answers you input (or confirm, as applicable) and analyses them against construction industry data collated by CoreLogic to generate an estimated rebuild cost of the improvements on your property. Use of the Cordell Sum Sure calculator and any estimated rebuild cost provided by it may not be appropriate for you and you will need to assess the suitability of this estimate given your knowledge of your property. A number of qualifications apply to the estimated rebuild cost, which are set out in the full set of terms and conditions accepted by you prior to your use of the Cordell Sum Sure Calculator.
Whether buying a new home, refinancing an existing home loan or investing in property, RAMS mortgage calculators can give you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying. Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget, you'll start to see whether you can realistically afford the home you want to buy. Your local RAMS franchisee can also help guide you through this process.
Whether buying your own home or an investment property, your ability to do so will largely depend on affordability. Having an honest look at your current salary, debts and expenses will assist in establishing your borrowing power - which is the estimated amount your home loan lender might lend you, based on your current circumstances.
Fees and costs when buying a house are not limited to the agreed property price. Government fees, Lenders Mortgage Insurance (where applicable), council rates and utilities all add up. That’s on top of upfront costs such as conveyancing fees, property inspections and removal costs.
Having a clear idea of what your budget looks like, by combining multiple income and expense flows, allows you to plan ahead, work out where your money is going, and what your net disposable income is after tax.