🏡 Case Study: How Sharni Bought Her $750K First Home with Just a 10% Deposit – Saving Over $117K in Upfront Costs

Background

Sharni, a proud Aboriginal woman and full-time nurse, had long dreamed of owning her first home. With a property goal of $750,000, she was excited to begin her journey, until her previous broker left her deflated.

Despite a strong income and stable job, Sharni was told:

• She earned too much for the government's First Home Buyer schemes

• She’d need a full 20% deposit to avoid Lenders Mortgage Insurance (LMI)

• Her borrowing capacity capped out at $600,000, making her dream feel out of reach

  
  

💔 Sharni was overwhelmed, disheartened, and ready to give up until she heard about us from a friend who had just bought her home through Healthcare Home Loans with only a 10% deposit.

The Initial Situation

According to her first broker:

• 💸 Required deposit: $150,000

• 🧾 Stamp duty: ~$28,000

• 📄 Fees (legal, conveyancing, etc.): ~$3,000

• TOTAL upfront cost: $181,623

  
  

Sharni simply didn’t have that kind of money available, estimated another 5-7 years of saving and she felt let down, especially after working so hard in her career. 

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The Healthcare Home Loans Solution

We jumped on a strategy call with Sharni and showed her what was truly possible when you leverage your profession and heritage. As a nurse and Aboriginal first home buyer, she qualified for:

✅ 10% deposit option – No LMI (saved $16,674.19 in LMI) 

✅ Stamp duty waiver – $0 upfront (saved 28,622.40) 

✅ Aboriginal Housing Office (AHO) support – including up to:

• 🧾 $2,500 toward legal and admin fees

• 💰 $10,000 to match her deposit savings

🏡 New required upfront amount:

• 💸 Deposit: $65,000

• 💡 Fees (net of support): $343.40

🔢 TOTAL: $63,843.40

🎉 That’s a savings of $117,779.60 compared to what she was originally told!

And the cherry on top? 

✅ We locked her in at 5.72% interest - one of the most competitive rates in market today.

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The New Financial Path

Rather than stretch herself thin or delay her purchase, Sharni got:

• 💪 Confidence in her borrowing power

• 🤝 Access to government and Aboriginal-specific assistance

• 💸 Major savings in upfront costs

• 🏠 The keys to her first home-without the stress or shame

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Outcome

✅ Secured a $750K property with just 10% deposit 

✅ Accessed Aboriginal-specific and nursing-based benefits 

✅ Avoided LMI completely 

✅ Slashed upfront costs by over $117K 

✅ Got peace of mind with one of the best rates on the market 

✅ Turned her home ownership dream into reality-without compromise

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📞 Want to see what’s possible for you?

Book your discovery call and find out how we help nurses, Aboriginal buyers, and first home buyers step confidently into the market-with the right advice from day one.