From 1 October 2025, the Home Guarantee Scheme will expand, making it easier for doctors, nurses, and healthcare professionals to buy their first home with just a 5% deposit and no Lenders Mortgage Insurance (LMI). With higher property price caps, no income limits, and simplified access across Australia, more healthcare workers can enter the property market sooner.

Let’s make rate types less confusing and more aligned with your lifestyle, income, and financial goals. Choosing between fixed, variable or split rate loans can feel like trying to predict the future. But it doesn’t have to be daunting. When you understand how each option works, especially through the lens of healthcare work, the choice becomes much clearer.

If you’re a doctor, nurse, or allied health professional, your stable income puts you in a strong position to buy a home, but saving a large deposit while renting and working long shifts can be tough. A guarantor home loan can help you get into the market sooner, often without paying costly Lenders Mortgage Insurance (LMI), potentially saving you tens of thousands. This guide covers what a guarantor loan is, the benefits for healthcare workers, key considerations for guaranto

Choosing the right repayment type could save (or cost) you thousands and it all depends on where you’re at in your career or property journey. When it comes to repaying your home loan, you typically have two options: interest-only, or principal and interest (P&I). They may sound similar, but they have very different impacts on your cash flow, equity, and long-term goals.

What is an Offset Account? Think of it as a transaction account directly linked to your home loan. Every dollar you keep in there reduces the amount of interest you’re charged. Why? Because your lender calculates interest on the loan balance minus what’s in your offset.