Investment Property Loans for Nurses

Most lenders want 10–20% plus costs. At ≥20% you avoid LMI; below that, LMI usually applies. Strong profiles, equity, or guarantors can help reduce cash needed.

Depends on debts, expenses, and assessment rate. A broad guide is ~4–6× household gross income in total borrowing. Many households need ~A$85k–A$125k+ with low other debt, but your result varies by lender.

Approximate principal & interest over 30 years: at 5% ≈ A$3,221/month; 6% ≈ A$3,597/month; 7% ≈ A$3,993/month. Investors may also model interest-only cash flow.

Often 10% plus costs with LMI; 20% avoids LMI. Policy and your profile determine the minimum acceptable LVR.

5% ≈ A$25,000 (plus costs and likely LMI). 20% = A$100,000 to avoid LMI.

Commonly 5% (A$15,000) plus costs with LMI. 20% (A$60,000) avoids LMI.

With a 20% deposit the loan is ~A$520k. Many households need ~A$90k–A$130k+ combined income assuming modest debts; lender tests vary.

For investors starting out: simple, low-fee product with competitive rate, useful features (offset/redraw), and a structure (fixed/variable/split) that matches cash-flow needs and risk tolerance.

Approximate principal & interest over 30 years: 5% ≈ A$2,684/month; 6% ≈ A$2,998/month; 7% ≈ A$3,327/month.

Same as above: P&I at 5% ≈ A$3,221/month; 6% ≈ A$3,597/month; 7% ≈ A$3,993/month. Interest-only for 5 years at 6% is ≈ A$3,000/month (rises when P&I resumes).

5% = A$50,000 (plus costs and LMI). 20% = A$200,000 to avoid LMI. Investors should also allow for buffers and potential vacancy.

Higher scores widen lender choice and can reduce your rate and LMI premium. Lower scores limit options and increase cost. On-time payments and low utilisation help.

No single cutoff, but “good/very good” ranges are typically competitive when paired with stable income, savings history, and sensible LVR.

Plan for deposit (10–20%+), buying costs (stamp duty, legals, inspections), initial maintenance, and a cash buffer (3–6 months’ expenses and vacancy).

10–20% is common; 20% avoids LMI. Some lenders restrict higher LVRs for certain postcodes or property types.

Unlikely for a full turnkey build in major markets. Final cost depends on size, finishes, location, and site works. Always obtain itemised quotes and contingency.

Good/very-good by your bureau’s scale is typically sufficient. Higher scores can improve pricing and policy flexibility.

Yes in many markets, depending on land cost and specification. Factor provisional sums, variations, landscaping, and renting while you build.

Approximately A$1,996 per month on principal & interest.

Lower is better. Many lenders are cautious when total debts exceed ~6× gross income or when net servicing is tight after buffers. Focus on sustainable cash flow.

5% (A$15,000) plus costs with LMI, or 20% (A$60,000) to avoid LMI.

There’s no official band. Many use incomes around the national median as a guide. Lenders care more about your actual budget and buffers than labels.

A guideline some lenders use: 2 years employment history, 2 active tradelines, 2 years of on-time payments. Not a law—overall profile still matters.

Affordability varies by city and household size. Aim to keep total housing costs within a sustainable share of income and maintain buffers.

No single “easiest.” Policies differ by income type, LVR, credit, and property. A broker matches you to lenders that suit your profile.

Investors often compare variable, fixed, and split. Choose based on cash-flow needs, risk appetite, and plans for extra repayments or offsets.

“Best” depends on your scenario. Compare rate, fees, features, turnaround, and policy fit (e.g., treatment of rental income or existing debts).

There’s no fixed minimum. Many households need ~A$85k–A$125k+ combined income with low debts; exact capacity depends on living expenses, rates, and buffers.

Mortgages are secured and typically offer lower rates. Unsecured personal loans cost more and usually reduce borrowing capacity for a mortgage.

Approximate P&I: 5% ≈ A$2,147/month; 6% ≈ A$2,399/month; 7% ≈ A$2,664/month.

Often ~A$100k–A$150k+ household income with modest debts, but lender assessments vary. Pre-approval provides a tailored number.

Yes. Pricing can improve with lower LVR, strong credit, bigger balances, and healthy buffers. Repricing requests and lender competition help.

At 5% ≈ A$1,610/month; 6% ≈ A$1,799/month; 7% ≈ A$1,996/month.

Yes—higher LVR with LMI, equity release from another property, or a guarantor. Ensure the total cost and cash-flow still work.

5% = A$40,000 (plus costs, likely LMI). 20% = A$160,000 to avoid LMI.

Yes with LMI, subject to policy and servicing. Some postcodes or property types may have tighter limits.

Shorthand for showing 2 years of employment, 2 tradelines, and 2 years of on-time payments. It’s a guideline; exceptions exist.

No guarantees. Quick levers: pay every bill on time, lower card balances/limits, dispute errors, avoid new credit, and keep accounts open to preserve age.

True “no-deposit” loans are rare. Equity/guarantor structures can effectively fund 100%+ costs if you meet credit and servicing rules.

Approximate P&I: 5% ≈ A$2,684; 6% ≈ A$2,998; 7% ≈ A$3,327 per month.

Often ~A$100k–A$150k+ combined, depending on debts, rent shading, and living costs. Lender calculators differ.

P&I guide: 5% ≈ A$3,221; 6% ≈ A$3,597; 7% ≈ A$3,993 per month.

5% = A$35,000 (plus costs, likely LMI). 20% = A$140,000 to avoid LMI.

Yes, subject to credit policy and LMI. Investors may face tighter criteria than owner-occupiers.

Yes—the price point and LVR determine whether LMI applies. Example: A$100k is 20% of A$500k (no LMI) or 10% of A$1m (LMI likely).

5% = A$32,500 (plus costs/LMI). 20% = A$130,000 to avoid LMI.

5% = A$40,000 (plus costs/LMI). 20% = A$160,000 to avoid LMI.

Generally not acceptable. Lenders prefer genuine savings, gifts with documentation, equity release, or guarantor support.

Share shifts over time. The right choice is the lender that fits your policy needs, pricing, and turnaround now.

Use equity from another property or a family-guarantor loan. You still must meet servicing and cover non-lender costs.

No universal minimum. Good/very-good scores with stable income and sensible LVRs are typically competitive.

5% = A$50,000 (plus costs/LMI). 20% = A$200,000 to avoid LMI.

Prioritise high-rate, non-deductible debt first. Balance risk, liquidity, tax, and goals. Many investors keep prudent buffers before adding leverage.

Use 100k as a 20% deposit (plus costs) on ~A$400k–A$450k, or split across two lower-price properties at higher LVRs (with LMI). Maintain buffers and structure debt cleanly.

Yes with a ≥20% deposit, equity/guarantor support, or certain profession-based policies. Otherwise factor LMI into your cost and returns.

It reduces risk and interest cost, but ties up cash. Investors weigh LMI cost vs. keeping liquidity for buffers, renovations, or a second purchase.

Commonly ~A$130k–A$180k+ household income, varying with debts, expenses, and rental shading. Pre-approval gives a tailored figure.

Review your price, conditions, and settlement terms. Consider pre-approval strength, higher deposit, or flexibility on dates.

Often acceptable with a statutory declaration and evidence. Some lenders still want a portion as “genuine savings.”

Late payments and high utilisation. Avoid missed bills, keep card limits modest, and minimise multiple hard enquiries.

Low debt reduces risk and stress. For investors, the key is sustainable leverage, diversified income, and healthy buffers.

Over-estimating rent, under-estimating expenses, stacking unsecured debt, and ignoring rate-rise buffers.

Undisclosed borrowed funds, unverifiable cash, or prohibited sources. Gifts/equity/guarantors may be acceptable with documentation.

Generally not acceptable and harms servicing. Consider equity release or guarantor instead.

They can reduce your borrowing capacity and add enquiries. If needed, repay on time and keep balances low.

Interest-only can improve short-term cash flow and flexibility. Principal & interest reduces debt and risk faster. Choose based on goals, horizon, buffers, and tax advice.

Some lenders offer profession-based pathways with LVR caps and criteria. Availability changes—check current eligibility and alternatives.

Splits are popular: certainty on one portion, flexibility on another. Align with cash flow, offset use, and rate-view.

They “shade” projected rent (often 70–80%) to allow for costs, and include all existing liabilities. Provide leases, appraisals, and statements to support servicing.

Yes—via equity release and separate splits to keep deductible and non-deductible debt clean. Seek tax advice.

ID, income evidence (payslips/NOA), bank/liability statements, savings history, rent evidence, and property details if known.

Prudent investors hold 3–6 months of expenses plus vacancy/repairs. Buffers help during rate rises or tenancy changes.