Optometrists are one of only a handful of allied health professions recognised under lenders' Medical Professional Package — entitling eligible practitioners to LMI-free lending up to 90-95% LVR. It's a significant benefit that most optometrists in Sydney aren't accessing. Lend & Loan changes that.
📅 Book Free ConsultationLender classification: Group 2 — Optometrist
Registration must be verified on the AHPRA website (or relevant veterinary board for vets). Eligible registration types: Generalist Registration or Specialist Registration.
Provisional, Limited, and Non-practising registrations are generally not eligible — though temporary non-practising (e.g. parental leave) may be assessed by Credit Assessment.
Select Australian lenders offer a Medical Professional Package — also called the Medico Package — to registered healthcare practitioners. The core benefit is a waiver of Lenders Mortgage Insurance (LMI) on loans up to 95% LVR, saving eligible optometrists $10,000–$30,000 upfront.
LMI is normally required when you borrow more than 80% of a property's value. For most Australians, this means an additional cost of tens of thousands of dollars. For eligible optometrists, it's waived entirely — because lenders recognise the stability and earning trajectory of registered healthcare professionals.
Not all brokers know how to correctly present optometrist income. We do. We regularly work with all income structures including:
We verify your registration status and confirm your eligibility for the Medico Package across our lender panel.
We review your full income picture — PAYG, billings, practice distributions, locum work — and calculate your true borrowing capacity.
We compare 50+ lenders to find the competitive rate and policy for your specific optometrist income structure.
We handle all paperwork, lender communication, approval, and settlement — so you can focus on your patients.
Any AHPRA-registered optometrist with Generalist or Specialist registration qualifies. Whether you're employed, contracted, or a practice owner, eligibility is based on your registration, not your business structure.
Retail income attached to an optometry practice is treated differently by each lender. We know which ones assess it most favourably and how to document it correctly.
Non-practising registration due to parental leave may be accepted subject to Credit Assessment. We'll confirm this with your target lenders before lodging.
Yes, we can structure your borrowing across both in one application. Medical professional policies often extend to investment lending.
Book a free consultation with John Pierre Saliba. We'll confirm your LMI waiver eligibility, assess your full income, and compare 50+ lenders to find your competitive rate at no cost to you, ever.
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