Working in eye care offers strong career stability, but applying for a home loan is still a process that requires careful planning—especially in a high-value area like the North Shore. With median house prices reaching $2.3 million in 2025 (source: SQM Research), your borrowing strategy matters more than ever.

Whether you run your own practice or work in a retail clinic, getting the right home loan structure and lender support can make the difference between getting approved or missing out.

Let’s explore how to make the most of your optometry career when applying for a home loan.

Why Are Optometrists Viewed Favourably by Lenders?

You’re seen as a stable and high-earning professional, especially if you’ve been working in the same practice or industry for several years. That reputation helps lenders feel more confident.

Lenders often approve optometrists more easily when you have:

• A consistent employment history in healthcare or private practice
• Predictable income from salary or business distributions
• Low risk of default based on your profession and earnings stability
  
  
  

Are There Special Loan Products for Optometrists?

Yes. Just like doctors and other allied health professionals, some lenders offer exclusive benefits to optometrists as part of their "medical professional" lending categories. Not all lenders offer these, so it’s worth speaking with a broker who knows where to look.

These benefits may include:

• Waived Lenders Mortgage Insurance (LMI) for loans up to 90%
• Reduced interest rates through professional packages
• Higher borrowing limits and income flexibility
• Fast-tracked application processing
  
  
  

What Documents Do You Need as an Optometrist?

The paperwork will vary depending on whether you're an employee or self-employed, but in all cases, you'll need to show financial consistency and job security. We’ll help you prepare and structure these documents properly to suit each lender’s requirements.

You’ll likely need:

• Your last two payslips (for employed optometrists)
• A letter of employment or contract
• Two years of tax returns and financial statements (for business owners)
• BAS statements if you own or part-own a practice

What Loan Features Are Best for Optometrists?

With your income and future earning potential, you may benefit from more advanced home loan features that offer flexibility, especially if you plan to invest or upgrade later.

Ideal features for optometrists include:

• Offset accounts to reduce interest while you build savings
• Split loans for rate stability and flexibility
• Interest-only options for investment properties
• Redraw facilities for personal or business use
  
  
  

Can You Get a Home Loan With a Lower Deposit?

Yes, and as an optometrist, you're more likely to qualify for low-deposit options than the average borrower—especially if you’re using a professional package. Let’s assess your deposit options and how they affect your loan approval odds.

You may be eligible for:

• 10% deposit with waived or reduced LMI
• 5% deposit through the First Home Guarantee (for first-time buyers)
• Guarantor support or gifted deposit contributions

Do Optometrists Qualify for Government Support?

If you're buying your first home, you might be eligible for several helpful schemes designed to reduce your upfront costs and make entry into the property market easier.

In 2025, available government support includes:

• First Home Owner Grant (NSW) – $10,000 towards new builds
• First Home Guarantee – 5% deposit with no LMI
• Stamp duty concessions under the NSW First Home Buyer Assistance Scheme

Eligibility criteria is regularly updated on NHFIC.gov.au.

What Can Affect Your Borrowing Power?

Even with a strong income, other factors like existing debts, credit history, and expenses can limit how much you’re allowed to borrow. It’s worth getting a personalised assessment before applying. We’ll help you calculate your maximum borrowing capacity with confidence.

You can improve your borrowing power by:

• Paying down credit cards or personal loans
• Keeping a clear and healthy credit report
• Saving consistently for at least three months
• Avoiding large expenses just before applying

Which North Shore Suburbs Are Popular for Optometrists?

Proximity to clinics, transport, and lifestyle areas makes the North Shore a top pick for many optometrists working in local practices or retail outlets. We’ll help you assess price points in these areas based on your budget and goals.

In 2025, popular suburbs among optometrists include:

• Chatswood – home to major shopping precincts and clinics
• St Leonards – close to medical and allied health hubs
• Lane Cove – leafy, walkable, and central
• Hornsby – affordable entry and strong family appeal
• Mosman – premium lifestyle and strong capital growth

How Do You Navigate Lender Policies as a Business Owner?

If you own or co-own an optometry clinic, your income might be considered more complex. Lenders will assess both your business performance and your personal financials. We’re experienced in working with self-employed professionals and know how to present your case clearly.

To improve your approval chances as a business owner:

• Ensure your business has at least two years of financial records
• Separate personal and business expenses
• Have an accountant prepare a lender-ready income summary
• Show consistent income through BAS and bank statements

Why Work With a North Shore Mortgage Broker?

Getting your home loan approved isn’t just about ticking boxes—it’s about choosing the right lender, the right structure, and having local insight to guide you.

At Sabea Financial, we offer:

• Lender options that favour healthcare and medical professionals
• Local property insights from years of working on the North Shore
• End-to-end support from pre-approval through to settlement
• A stress-free process tailored around your schedule and goals
  
  
  

Frequently Asked Questions (FAQs)

Can optometrists access professional home loan packages in North Shore Sydney?
Yes. Many lenders classify optometrists under their medical lending streams, offering better rates and reduced LMI.

What documents do I need as a self-employed optometrist?
You'll typically need two years of tax returns, BAS statements, and business financials from your accountant.

Do optometrists qualify for LMI waivers?
Yes, some lenders waive LMI for optometrists borrowing up to 90% of the property value.

Can I use my clinic income to get approved for a home loan?
Yes. You can use business income if you provide strong financials and can demonstrate consistent earnings.

Are optometrists eligible for the First Home Guarantee Scheme?
If you meet the general criteria, yes. Your profession doesn’t exclude you from this support.

What loan features are best for medical professionals like optometrists?
Offset accounts, split loans, and interest-only options can all offer helpful flexibility for high-income earners.

How can a broker help optometrists secure better home loan terms?
We match your profession with the right lenders, prepare documents, and negotiate interest rates and features on your behalf.

Summary: Ready to Secure Your Home Loan as an Optometrist?

You’ve built a career helping others see clearly, now it’s time to focus on your own future. Whether you’re buying your first home, upgrading, or investing, your profession puts you in a powerful position to borrow smart and buy confidently on Sydney’s North Shore. With exclusive lending options, low-deposit pathways, and government support, you have more opportunities than most.

At Sabea Financial, we specialise in home loans for optometrists North Shore Sydney. We understand your income, your profession, and the local property market - and we’re here to help you from start to settlement.

📞 Call us on 1300 001 755
Or email us on info@sabea.com.au

Let’s help you find the perfect suburb - and the right loan to make it happen.