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It was from the CBA. Would we be able to increase our borrowing capacity to $800,000 if we cross collateralised our properties?

I currently have a one bedroom house in Spotswood Melbourne worth approx. $600,000 which I owe $440,000. I would like to rent out this house and would get $400 per week. We would like to purchase another home for approx. $800,000 but our borrowing capacity according to the bank is $500,000...