Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Specialising in medico finance a boon for brokers

medicofinancetwo medicofinancetwo
Francesca Krakue 4 minute read

Several broking professionals have highlighted the value of venturing into the niche market of medico finance.

In Australia, people are generally living for longer, as Freedom Park Financial broker Ellen Goh highlighted to The Adviser.

“Overall, there seems to be a demand for more doctors to maintain people’s health and prolong life,” she explained. “The number of doctors coming from overseas to work in Australia has been on the increase, and we have had many of these doctors looking to set up practices in skill shortage areas identified by the government.”

Her colleague Indi Waniga added: “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.”


Meanwhile, having worked in the medical industry for 15 years before becoming a broker, Positive Lending’s Bang Duong also saw the advantage of targeting healthcare professionals.

“Doctors borrow $3 or $4 million, so if you go to just one doctor, it’s obviously a good commission,” he pointed out.

“And the doctor doesn’t just buy one property; he keeps buying every year, so you become embedded in their team, and it becomes a relationship … the deal is not about the loan. It’s about structuring it correctly for the doctor. And once you gain the doctor’s trust and you don’t abuse it, you’re never going to be replaced.”

Frank Zelasko of Singh Finance agreed, adding that for brokerages, their best clients are their existing clients.

“Say youre a doctor and I look after you as broker. And I provide you with a loan thats specific to your needs, and youre happy with my service. Youre going to be more willing to refer me,” he explained.


“A doctor might say to another, ’Ive just managed to get an investment property through my broker who introduced me to a special package that I wasnt aware of.’

“Youll get another of his colleagues and then it will be like a domino effect, as they’re more likely to refer clients similar to themselves who are low-risk.”

[Related: Discover the untapped market of medico finance]

Specialising in medico finance a boon for brokers
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Work smarter, not harder, in 2022 and beyond, visit the website here to secure your ticket.



more from the adviser
Beau Bertoli Greg Moshal 863x385jpg

Breaking News

Prospa squares up against banks, expands SME loan

The ASX-listed lender has flagged a new “all-in-one” business...

small business owner ta

Breaking News

Business credit demand bounces back in NSW

Data from the initial days of NSW reopening after lockdown has sh...


Breaking News

Hot Property: The biggest property headlines from the week 18-22 October

The weekly round-up of the biggest news stories from across Momen...