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As advised by Afterpay ANZ Support:

There is a transaction limit of $4,000 when using Afterpay. This means that a customer would not be able to complete (for example) a $6,000 purchase through Afterpay on the Elves Bikes Australia website.

The available spend limit is determined individually for each customer based on a number of factors, including their repayment history, the length of time they’ve been using Afterpay, and real-time risk checks at checkout.

Because of this, we’re unable to confirm in advance whether a specific customer will be approved for a $6,000 purchase. The customer will need to attempt the checkout, and Afterpay will assess the order in real time. If the full amount isn’t approved, the customer may be prompted to make a higher upfront payment or may need to choose an alternative payment method.