Most Australians need a 20% deposit to avoid paying lender’s mortgage insurance (LMI). The good news as a Doctor is that some lenders only require a 5-10% deposit with no LMI needed.

Off-the-plan purchases involve putting down a deposit, usually 5-10 percent of the asking price for the unit, with the rest of the price due on completion. Many buyers see off-the-plan purchases as a good bet – let’s unpack why it’s not a sure thing.