In an era where homeownership seems increasingly out of reach, healthcare professionals like you hold a unique advantage. Our relationships with all leading banks give you access to unique investment and home loan solutions tailored to healthcare professionals. These solutions not only recognise the value of your profession but also offer practical pathways to get into real estate quicker.
After all, it is as they say “It is time in the market, not timing the market, that makes you money”.
Below is the list of professions that banks are working with to provide exclusive access to investment and home loan deals:
Dentists
General Practitioners
Hospital-based Doctors (Interns, Residents, Registrars, Staff Specialists)
Registered Nurses
Medical Specialists (recognised by the Australian List of Recognised Medical Specialties)
Certain banks removed income requirements, facilitating medical professionals' access to specialised loans.. Newly removed income threshold aids healthcare pros, especially new or overtime-working ones, in purchasing property.
Key Benefits Through Us
Buy with a 5% Deposit
Access financing for up to 95% of your property's value for both owner-occupied and investment properties.You can purchase your property with as little as 5% deposit, sidestepping the usual requirement for Lenders Mortgage Insurance (LMI), leading to substantial savings.
Remember, while these exclusive financing options are offered by the banks, our role is to expertly navigate these opportunities on your behalf. We pit the banks against one another so they fight for your business and get you a better deal. We work hard to ensure you benefit from the best possible terms tailored to the healthcare sector.
Saving for a 20% Deposit: A Closer Look
With property prices soaring, especially in Australia's major cities, saving for a traditional 20% deposit presents a significant hurdle. The average Australian now buys their first home around 35 years of age. A decade ago the average Australian was buying their first home at 25.
Here's a concise breakdown to illuminate the path to property ownership under these specialised loan terms:
Average Property Price: Consider a typical $750,000 property.
20% Deposit Requirement: This equates to a $150,000 deposit.
Time to Save: Assuming you can save $20,000 annually, it would traditionally take 7.5 years to save the required deposit.
We want to help you get in quicker.
The Cost of LMI
Lender's Mortgage Insurance (LMI) is an additional cost for buyers with less than a 20% deposit. For a $750,000 property with a 5% deposit, LMI costs can range from $6,750 to $10,250, depending on various factors.
The Advantage of Specialised Loans for Healthcare Professionals
LMI Savings: By qualifying for loans that waive LMI, healthcare professionals can save an average of $13,500 in upfront costs.
Higher LVR: You can get up to 95% LVR financing. This means you can buy a home or property investment with as little as 5% deposit.
Example Summary
Property Value: $750,000
Traditional 20% Deposit: $150,000
Years to Save at $20,000/Year: 7.5 years
OR buy with 5% deposit = $37,500
Start Your Property Journey With Confidence
We want to accelerate your journey into your first home or investment and are committed to providing the support, flexibility, and information you need to get started.
To learn more about the specific ways that we can help you, book a free consultation with the team today.
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