Business and Property Finance for Medicos

In Australia, people are generally living for longer. Overall, there seems to be a demand for more doctors to maintain people’s health and prolong life. The number of doctors coming from overseas to work in Australia has been on the increase, and many of these doctors have been reported to looking to set up practices in skill shortage areas identified by the government.

Australia is a migrant country, so as our population continues to grow, there’s a need for more medical practices, especially in the newly built estates and new suburbs.

Banks are cottoning on to this increasing demand for doctors and lenders are tailoring specific packages for medicos and will go further up the risk curve if the doctor is a specialist.

Medico finance encompasses any finance that a healthcare professional requires, for a home loan, equipment, refinancing and more. Due to the fact that most healthcare professionals are high-income earners with steady incomes, often lenders categorise them as low-risk and thus offer them “generous” policies.

Some lenders allow healthcare professionals to borrow up to 90 per cent without lender’s mortgage insurance, and assess their applications differently, taking into account their often exponentially increasing income. For example, lending up to $750,000 for specialists and $250,000 for GP’s for acquisition of business, shares and property investment and simply using their cash flow as the security.

One of our panel lenders (not a major bank) are promoting their Medical Professional package with lending LVR’s as high as 110% for residential property and 100% for commercial property and waiving the lenders mortgage insurance premium.


Belinda (ex- Macquarie Bank) is an accredited Finance Broker and holds a bachelor of Communications (minor in Business). She has accumulated over 10 years of banking and lending experience across credit, sales and senior manager roles. Belinda combines her passions of finance, business, property and people to provide an enriched client experience and takes the time to investigate and understand what is required for each of her clients.
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