Known as HPI, this relates to general living expenses that lenders utilize when assessing loan serviceability. As a minimum, lenders utilize the following :-

• Single applicant – $1,950 per month
• Married/defacto – $2,750 per month

For each dependent up to 18 years old, add $675.

These figures do not include other expenses such as school or child care fees, child support and other discretionary expenses.