Healthcare Mortgage Guides

A nurse earning $95,000 packages a $35,000 car through a novated lease. Her take-home pay goes up. Her tax bill drops. She’s saving roughly $3,200 a year compared to buying the car outright. Six months later, she applies for a home loan and gets approved for $60,000 less than she expected. Salary packaging a car […]

A podiatrist earning $115,000 per year was told by her bank that she needed a 20% deposit before they would lend to her. She had $68,000 saved, a clean credit file, and AHPRA registration. What she did not have was a broker who understood allied health lending policy. Several lenders waive Lenders Mortgage Insurance for […]

A dentist buying a $1.2 million home with a 10% deposit would normally pay around $21,000 in Lenders Mortgage Insurance. Under the lending policies that apply specifically to dental professionals, that figure drops to zero. Most dentists find this out eventually. The ones who find it out before they start house hunting use it to […]

Calling all healthcare heroes!  We’re excited to announce that we’ll be at Australian Healthcare Week 2025!   Join us for $1,000 in giveaways, fun challenges, exclusive prize draws, free financial health checks, and a live webinar designed for healthcare professionals.  No matter where you are on your homeownership journey—buying, upgrading, refinancing, or investing—we’ll help you take […]

You finish a 10-hour shift, open your laptop, and get declined for a loan amount that feels insultingly low. The broker couldn’t explain why. Here’s what likely happened: a generalist lender assessed your penalty rates and shift allowances as “irregular income” and shaded them back to near zero. Your actual earning capacity, the one that […]

Most aged care workers know salary packaging exists. Fewer know they sit in the most generous salary packaging bracket in Australia. And almost none know what happens when they apply for a home loan and a lender looks at their packaged income like it’s a problem. Aged care salary packaging is worth understanding properly, because […]

Were you aware that salary packaging could significantly reduce your tax bill and boost your wealth? For healthcare professionals across Australia, understanding and leveraging salary packaging can lead to substantial financial benefits. What Exactly is Salary Packaging?Salary packaging, also known as salary sacrificing, is a tax minimisation strategy endorsed by the Australian Taxation Office (ATO). […]

The Reserve Bank of Australia (RBA) recently held its ground, keeping the main interest rates unchanged: Governor of the Reserve Bank of Australia Michele Bullock has left interest rates on hold at 4.35 per cent today. Picture: NCA NewsWire / Martin Ollman Key Points: The net interest margins of Australia’s major banks has been squeezed […]

The banking sector’s recent decision, led by prominent players like the Bank of Queensland (BOQ), ME Bank, and Macquarie, to slash their fixed rates by up to 0.50%, is a particularly advantageous development for healthcare professionals. This strategic move, effective from Wednesday, 24 January 2024, is poised to significantly benefit those in the healthcare sector. […]

Are you planning to buy a new home and applying for a mortgage? Remember, in addition to the property cost, there are other fees and expenses that you need to consider. These fees can add up and become overwhelming. As a Healthcare Home Loans client, you can trust our team of specialists to structure your […]