The Australian property market continues to evolve dramatically in 2026, with median house prices reaching $1,048,000 in Sydney and $792,000 in Melbourne according to CoreLogic's latest quarterly data. For first-time buyers navigating home loan financing, understanding the lending landscape has never been more critical. Understanding Your Home Loan Financing Capacity According to the Australian Prudential Regulation Authority (APRA), lenders assessed approximately 487,000 new