Home Loans for Doctors in Brisbane: Your Complete 2025 Guide

When it comes to home loans for doctors in Brisbane, medical professionals enjoy several unique advantages. Thanks to their stable income, career security, and low default risk, doctors are often offered loan benefits that aren’t available to the general public.

If you're a doctor planning to settle down in the thriving city of Brisbane, working with a mortgage broker is key. The expert team at Kelly Brothers Finance specialises in securing competitive rates and navigating complex loan structures, making the home loan process smoother for medical professionals in Brisbane.

In this guide, we’ll walk you through:

• How home loans for doctors differ from standard options
  
• Who qualifies and how much you can borrow
  
• The types of loans available
  
• Steps to apply

Let’s get started.

What Are Home Loans for Doctors?

Doctor home loans are tailored mortgage options created specifically for medical professionals, recognising their steady income and reliable career path. Because doctors are seen as low-risk borrowers, lenders are more willing to offer them better loan terms and exclusive benefits.

Key features of doctor home loans often include:

• Up to 90–95% LVR without Lenders Mortgage Insurance (LMI)
  
• Lower interest rates or waived application fees
  
• Faster approvals with reduced documentation
  
• More flexibility in loan structure (e.g., offset accounts, interest-only options)
  
  

Eligibility Criteria for Doctor Home Loans in Brisbane

When applying for home loans for doctors in Brisbane, it’s still essential to meet certain criteria set by lenders across Queensland.

Who Qualifies?

Lenders often have their own internal list of eligible professions, but generally, you’ll qualify if you're registered with AHPRA (Australian Health Practitioner Regulation Agency) or hold an approved health-related degree. Here's a detailed breakdown:

Eligible Medical Professionals:

• General Practitioners (GPs)
  
• Anaesthetists
  
• Surgeons
  
• Psychiatrists
  
• Dentists and Dental Surgeons
  
• Orthodontists
  
• Radiologists
  
• Pathologists
  
• Paediatricians
  
• Dermatologists
  
• Cardiologists
  
• Ophthalmologists
  
• Emergency Medicine Specialists
  
• Vets (depending on the lender)
  
• Allied Health Professionals (physiotherapists, optometrists, podiatrists, etc.) – some lenders may limit benefits
  
  

Important Note: Most Queensland-based lenders require that you're either an Australian citizen or a permanent resident, and some may offer doctor-specific products only if you're purchasing within Australia, particularly in metropolitan areas such as Brisbane.

Required Documentation

To apply for a doctor home loan in Brisbane, you’ll typically need to provide:

• Proof of profession (current AHPRA registration or medical degree)
  
• Proof of income (two recent payslips, employment contract, or two years’ tax returns for self-employed doctors)
  
• Bank statements (usually from the last 3–6 months)
  
• Credit report and details of existing liabilities (e.g. credit cards, HECS, car loans)
  
• ID documents (driver’s licence, passport, Medicare card)
  
• For specialist doctors: ABN and financial statements if operating a private practice
  
  

What Else to Know

• Some lenders offer products tailored to your career stage and income structure.
  
• If you’re buying in Brisbane’s inner or middle-ring suburbs, you may also qualify for additional benefits based on property location and demand.
  
• Eligibility can vary by lender, so it’s best to speak to a mortgage broker for doctors who understands the policies of a wide range of lenders across Queensland.
  
  

Chat with Kelly Brothers Finance

Not sure if you meet the eligibility criteria? Let our expert mortgage brokers in Brisbane assess your situation. Visit Kelly Brothers Finance or call (07) 3847 9450 for personalised advice.

How Much Can Doctors Borrow in Brisbane?

Your borrowing limit will depend on your income, existing debts, career stage, and whether you're a salaried employee or self-employed. Specialists and consultants with strong income histories typically unlock the highest loan amounts and most flexible terms.

For example, a first-year intern earning $80,000 might be able to borrow up to $500,000 with minimal debt, while a consultant with an income of $320,000 could qualify for $1.6 million or more. 

Lenders also assess your credit history, monthly expenses, and the size of your deposit. If you’re buying in popular Brisbane suburbs like Toowong or Ascot, a mortgage broker who understands doctor loans can help you structure your loan for the best outcome.

Do you want to calculate your home loan borrowing power? Call (07) 3847 9450 to speak with our Brisbane mortgage brokers or visit Kelly Brothers Finance to schedule a free consultation.

Broker-Assisted Home Loan Options for Doctors

Doctors in Brisbane have access to various home loan types tailored to suit different income levels, career stages, and property goals. Whether you're buying your first home or investing, a mortgage broker who specialises in doctor home loans can help you find the right fit.

Here are some of the common home loan types for Brisbane doctors:

Standard Variable Rate Loans

These loans offer flexibility in repayment and allow extra or early repayments. Brokers often help doctors access rate discounts with no ongoing monthly loan service fees, thanks to their low-risk borrower profile.

Fixed-Rate Loans

A great option for those seeking predictable monthly payments. Many doctors in training opt for fixed-term contracts to lock in low rates while they’re still building their savings.

Split Loans

Combine the flexibility of a variable rate with the certainty of a fixed rate. Brokers can help structure this to suit your future earning potential, making it ideal for registrars or specialists transitioning into private practice.

Interest-Only Home Loans

Useful for those planning to upgrade in a few years or buy an investment property. These can maximise cash flow in the short term, especially when paired with an offset account to reduce loan interest.

Investment Loans

Ideal if you're planning to grow your wealth through property investment. Brisbane suburbs such as Chermside, Moorooka, and Nundah are popular among doctors entering the investment market. Mortgage brokers help structure these loans to take advantage of tax deductions and interest-only terms.

Guarantor Home Loans

Common for young doctors or interns with smaller deposits. A parent or close family member can use their property as security, allowing doctors to borrow up to 100% of the purchase price without the need for LMI.

Grants & Government Incentives Available in Brisbane

In addition to these loan types, brokers can also help doctors tap into available government schemes in Queensland:

• First Home Owner Grant QLD – $30,000 for newly built homes (up to $750,000)
  
  
• Stamp Duty Concessions – Full exemption for first-home buyers on purchases under $500,000
  
  
• Regional First Home Buyer Guarantee – Allows low-deposit loans with no LMI in eligible outer suburbs.
  
  
• Family Home Guarantee – For single parents working in the medical field, available with just a 2% deposit

Brokers ensure these benefits are paired with the right loan products and handle the application process so you don’t miss a thing.

Steps on How to Apply for a Doctor's Home Loan

Applying for a doctor’s home loan in Brisbane requires more than just submitting paperwork, it’s about presenting your financial profile in the best possible light. 

Here are the steps to begin your mortgage application: 

1. Work With a Specialist Mortgage Broker

Begin by consulting with a mortgage broker who specialises in home loans for doctors. Brokers understand the unique income structures and lending policies specific to medical professionals and can connect you with lenders offering the most favourable terms in Queensland.

2. Assess Your Financial Position

Your broker will review your financial situation, including income (salary, overtime, private billings), existing debts, credit history, and savings. Doctors, especially those in self-employment or private practice, should also prepare tax returns and financial statements for the last two years.

3. Get Pre-Approval

Securing a pre-approval provides a clear budget and demonstrates to lenders that you’re a serious buyer. It’s particularly useful in Brisbane’s competitive property market. A pre-approval typically lasts 60–90 days and is based on your income, liabilities, and credit score.

4. Prepare Required Documents

You’ll need to gather:

• AHPRA registration or proof of medical qualification
  
• Recent payslips or income verification
  
• Two years of tax returns (if self-employed)
  
• Bank statements (3–6 months)
  
• ID documents (passport, driver’s licence, Medicare card)
  
• Details of existing liabilities (credit card, HELP/HECS, etc.)
  
  

5. Choose the Right Loan Product

With your broker’s help, review loan options tailored to your goals. Consider whether a fixed, variable, or split loan suits your current financial outlook. For many doctors, pairing a 100% offset account with a variable loan provides added flexibility.

6. Apply With the Selected Lender

Your broker will submit the loan application to the chosen lender and manage communication. Because doctors are considered low-risk, the approval process is often quicker, especially with major lenders offering doctor-specific products.

7. Receive Conditional Approval & Valuation

Once submitted, the lender will issue conditional approval and order a property valuation. If everything checks out, final approval will follow shortly.

8. Final Approval and Settlement

After approval, loan documents will be issued for signing. Settlement typically occurs 30–45 days after the contract is signed, depending on the agreement and lender.

Chat with Kelly Brothers Finance

Want expert help navigating the doctor loan process? Our Brisbane mortgage brokers manages the entire home loan application process, from pre-approval to settlement. Contact Kelly Brothers Finance or call (07) 3847 9450 to schedule a free consultation. 

Frequently Asked Questions (FAQs)

Do doctors get cheaper home loans?

Yes, many lenders offer doctors discounted interest rates and waived fees. This is because medical professionals are considered low-risk borrowers with stable income.

Which banks waive LMI for doctors?

Banks like BOQ Specialist, CBA, ANZ, and Macquarie often waive Lenders Mortgage Insurance (LMI) for eligible doctors borrowing up to 90–95% of a property’s value. The waiver depends on your profession, income, and career stage.

How much income do I need for a $500,000 mortgage in Australia?

On average, you’ll need a stable income of at least $85,000–$95,000 annually with minimal debt. However, the exact figure depends on your expenses, dependents, and lender criteria.

What is the easiest home loan to get approved for?

Loans with lower LVR (loan-to-value ratio) and full documentation are typically easier to approve. Doctors often find approval quicker through brokers who understand their financial profile and match them with flexible lenders.

Can medical students or interns apply for a home loan?

Yes, but it’s more complex. Interns may require a guarantor or a larger deposit, whereas medical students typically don’t qualify until they have established a consistent income.

Do doctors still need a deposit if LMI is waived?

Yes, most lenders still require at least a 5–10% deposit, even if LMI is waived. A larger deposit can enhance your borrowing power and lower your interest rate over time.

Can I use a doctor's home loan for investment properties?

Absolutely. Many lenders offer special investment loan packages for doctors, often with flexible repayment options and tax-effective structures.

Wrapping Up

Buying a home as a doctor in Brisbane shouldn’t feel overwhelming—and with the right help, it doesn’t have to be. Whether you're a first-year intern or a seasoned specialist, our expert mortgage brokers at Kelly Brothers Finance are here to make the home loan process simple and tailored to your needs.

Based in North Brisbane, we’ve helped hundreds of medical professionals across Brisbane, Queensland, find the right loan fit, enjoy exclusive perks, and save thousands along the way. If you’re planning to buy in 2025, now’s the perfect time to start with a free consultation.

Give us a call on (07) 3847 9450 or visit kellybrothersfinance.com.au. Your home loan journey starts with a quick chat!