If you’re a student doctor, chances are your first home buy won’t be your last.
As one of Australia’s leading medical mortgage specialists, we know your first house isn’t likely to be your “forever home” – in reality it’ll probably be the first in a string of real estate cash cows.
And wealth health, my friend, is what we’re all about.
Whether you’re a doctor in training or a consultant, Walshs are experts at helping doctors enter the property market and grow their investment portfolios – at every stage in their career.
The Road to Wealth
With property being one of the biggest growth asset classes in Australia, Walshs Director Peter Hodgson, says it’s crucial for doctors in training to understand what to buy – and when – to future-proof their wealth down the track.
“As their career advances their income will increase drastically so it’s about knowing what kind of property to buy as a junior doctor, and whether to buy when they start working or wait until they finish training,” Peter says.
“Given the lifecycle of a doctor, the junior doctor’s first property won’t be their forever home so the loan has to be made correctly for the acquisition of the right asset,” he says.
Structure is Gold
Guiding you through holistic lending options, Walshs’ specialist team will ensure your home loan reflects a well-considered decision backed by the right deposit and interest rate, flexible bank policies and long-term tax outcomes.
“If clients make the decision on their own, they tend to see a mortgage broker who’ll say, ‘I think you should get this home loan; it requires a 20% deposit and you’ll get the lowest rate’.
“That might be fine if your objective is to only buy one property ever, but as many doctors go through their training and graduate in their specialty, it’s very likely they’ll upgrade or buy another property because their income has increased or because they’ve moved locations.
“That’s why it’s so important to get it right from the outset because if you get it wrong, you can’t go back.”
Experts in Wealth Health
Like a cardiologist deals with matters of the heart and an ophthalmologist looks into the eyes, Walshs are specialists in mortgages for medics, caring for your financial health and creation of your future wealth.
Keep your eyes out for next month’s Financial Insights, as we give you the lowdown on parental guarantors.
If you’d like to chat to one of our medically-minded lending experts, drop us a line at (07) 3221 5677 or book a 1-1 meeting.