As you advance your medical career, you may decide to operate your own practice as a way of investing in your future.
Whether you’re a GP, dentist, specialist or allied health professional, owning and building your own premises can provide stability, financial security and long-term growth. With a tailored commercial property loan, you can access lending options designed specifically for your circumstances, making ownership an achievable alternative to leasing.
Find out more about buying commercial property as a medico:
Why owning can be better than leasing
Leasing a clinic is common in healthcare, but it comes with limitations. Rent increases, lack of control over fit-outs and the risk of relocation if a lease is not renewed can all disrupt a thriving practice.
In contrast, purchasing your own commercial property offers several benefits:
- Long-term security: You control the premises, avoiding unexpected lease changes.
- Asset building: Mortgage repayments build equity in a valuable property asset.
- Practice value: Ownership can increase the overall value of your practice, should you decide to sell.
- Customisation: Fit-outs and renovations can be tailored to your exact needs, without landlord restrictions and tricky contract negotiations.
- Tax benefits: Interest and expenses may be tax-deductible, depending on your situation.
If you’re planning to stay in the same location for the foreseeable future, it’s easy to see why owning your clinic often makes more financial sense than renting.
Understanding commercial property loans for healthcare professionals
Banks and specialist lenders recognise that healthcare professionals represent a low-risk, high-earning borrower group. As a result, they often offer more favourable terms on commercial property loans compared with other industries. These tailored policies can include:
- Higher Loan-to-Value Ratios (LVRs): Many lenders extend LVRs of up to 90% for medical practitioners, reducing the upfront cash needed.
- Lower deposit requirements: With smaller deposits required, it’s easier to get into ownership earlier.
- Discounted or waived fees: Application fees, annual package fees and even mortgage insurance may be reduced or waived by some lenders.
- Competitive interest rates: Medical professionals are often eligible for lower rates than standard commercial borrowers.
- Flexible structures: Loans can be arranged under personal names, partnerships, companies or self-managed super funds (SMSFs).
These advantages reflect the stability of the healthcare sector and the consistent demand for medical services.
Who can benefit from a commercial property loan for medical professionals?
Tailored loan policies are available to a broad range of practitioners, including:
- General practitioners and medical specialists
- Dentists and orthodontists
- Physiotherapists, chiropractors and other allied health providers
- Veterinarians
- Medical centres and group practices
Whether you’re looking to buy your first consulting suite, expand into a larger facility or acquire rooms for a multi-practitioner clinic, there are commercial loan solutions available to suit your needs.
Work with a specialist broker
Navigating the commercial finance market can be time-consuming and complex as not all lenders cater specifically to medicos. To add to this, each lender has different policies, and the most attractive offers for medical professionals are not always advertised.
By working with a broker like Lend&Co, you gain the benefits of:
- Specialist knowledge: We understand the unique lending advantages available to medical professionals.
- Access to multiple lenders: Instead of approaching one bank, we compare policies across a wide network.
- Tailored advice: We match the right loan structure to your goals, whether buying as an individual, in a partnership or through an SMSF.
- Time saved: We manage the application process from start to finish, leaving you free to focus on your patients.
- Negotiating power: Our relationships with lenders allow us to secure competitive rates and terms.
Partner with experts who understand your profession
Owning your practice premises is a major step, but with the right support, it can also be one of the smartest financial decisions you make. At Lend&Co, we specialise in helping healthcare professionals access commercial property loans that take advantage of lender policies designed just for your industry.
Ready to explore your options? Contact Lend&Co today to find out how we can help you secure the right commercial property loan for your practice.
