Recently, we held a First Home Buyer Webinar packed with insights for healthcare professionals stepping into the property market.
With unique perks for healthcare workers, like discounted interest rates, low deposit options, and waived Lender’s Mortgage Insurance (LMI), we’re committed to making homeownership more accessible for you.
Here’s a recap of the topics we covered, with key insights for new buyers:
Current Market Update
In today’s market, interest rates are holding steady, but inflation pressures have led many lenders to adjust fixed and variable rates independently. We explored how these fluctuations impact monthly repayments and how healthcare professionals can time their purchase to maximise affordability. Affordable areas and properties, like Perth, Adelaide, and Brisbane, show strong demand and remain accessible options for first-time buyers. Furthermore it is the more affordable parts of every market that are performing the best such as units and houses on city fringes.
First Home Buyer Schemes
As a healthcare worker, you have access to programs designed to support your buying journey. We discussed the First Home Guarantee and Regional Home Guarantee, which allow eligible buyers to secure a home with as little as a 5% deposit— without the added expense of LMI. These options can save you thousands of dollars and get you into the property market soon.
Financial Tips for First-Time Buyers
Strategic tips, like utilising offsets and redraw accounts, help reduce the interest you pay over the life of the loan. Additionally, maintaining a strong credit score and consulting a broker on HECS debt can improve your borrowing power. With a bit of planning, these steps can streamline your finances and create flexibility for future home upgrades or investments.
Catch the full recording of First Home Buyer Webinar: Market Update & Starters Guide on YouTube for more insights
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Plus, get our First Time Buyer Checklist to help guide you every step of the way toward buying your first property.
We’re here to make your home-buying journey as smooth and informed as possible.
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Healthcare Home Loans offers free consultations to explore these specialised benefits and walk you through each step of the lending process.
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