what's your comfort level of debt?, page-23

hawkers...
If it is for a PPOR mortgage I would say 2 times your combined income. That would be approx 650k.
It also depends if you have children
UT says 40k pa living expenses and bills - we have 3 children (in public schools) and we still spend way more than that..... how do you do it UT?
By only borrowing what you can comfortably afford you should be able to accelerate your debt repayments and over the years pay CONSIDFERABLY LESS interest to the banks than if you maxed yourself out.
Equally, if either you or your partner lose a job then you should still be able to manage repayments.

We have always tried to manage our debt levels to one income. Easier said than done though! But at least we sleep at night.