Glenn Quisay - Mortgage Broker For Nurses

Glenn Quisay - Mortgage Broker For Nurses Founder of Swish Mortgages. Making home loans smooth, simple & stress-free. Helping healthcare professionals buy property in Melbourne.

Buy with a 5% deposit and pay no LMINormally, putting less than 20% down means paying Lenders Mortgage Insurance. Under ...
11/06/2026

Buy with a 5% deposit and pay no LMI

Normally, putting less than 20% down means paying Lenders Mortgage Insurance. Under the government's Home Guarantee Scheme, the government backs the difference, so you can buy with as little as 5% deposit and pay no LMI at all.

The numbers:
• Deposit as low as 5% (2% for single parents)
• LMI you'd normally pay: roughly $25k–$35k saved on a typical city purchase
• Since 1 Oct 2025: no income caps, unlimited places, higher price caps

The basics:
• First home buyer (or no property owned in 10 years)
• Aussie citizen or permanent resident aged 18+
• Buying to live in, within your state's price cap (up to $$950k in Melbourne).

Most people still think they earn too much or saved too little. Since October, that's often no longer true.

10/06/2026

Think buying your first home is impossible?

A $490k property could potentially be purchased with just ~$29k saved using the Government 5% deposit scheme

✅ 5% deposit
✅ No LMI
✅ No stamp duty in VIC under $600k
✅ Repayments from ~$2,881/month

You may only need around $100k combined income as a couple.

Want to know your borrowing power? DM me 📩

Most first home buyers are focused on saving a Massive deposit...But what if the government gave you up to $10,000 to $3...
10/06/2026

Most first home buyers are focused on saving a Massive deposit...

But what if the government gave you up to $10,000 to $30,000 towards your first home and you paired this with the 5% deposit scheme?

The First Home Owner Grant (FHOG) is a one-off payment available to eligible first home buyers purchasing or building a brand-new home.

Current grants include:
🏠 VIC: $10,000
🏠 NSW: $10,000
🏠 QLD: $30,000 (available until 30 June 2026)

The catch? The property generally needs to be brand new, and you must meet the eligibility requirements.

I've spoken to plenty of buyers who had no idea they qualified and almost left thousands of dollars on the table.

Thinking about buying your first home? Send me a DM with the word "FHOG" and I'll help you check what grants and schemes you may be eligible for.

09/06/2026

This is day 20 of buying your first home in Victoria for under $600k!

For a property like this one in Werribee, priced at $590,000, here's what the numbers could look like.

✅ 3 bedrooms
✅ 2 bathrooms
✅ 2 car spaces

Using the Government's 5% deposit scheme, you'd need approximately $34,100 in savings.

This covers:
• Your 5% deposit
• Mortgage registration fees
• Transfer fees
• Lender application fees
• Legal fees

That would leave you with a loan amount of approximately $560,000.

At an interest rate of 6.30% over a 30-year loan term, your minimum repayments would be around $1,601 per fortnight.

So, how much do you need to earn to service the loan?

For a household with:
• No children
• No existing debts

You'd typically need a combined household income of around $125,000 per year.

And if you've been following this series, you'll know that eligible first-home buyers in Victoria pay no stamp duty on properties valued under $600,000, which can save tens of thousands of dollars upfront.

Want to know what your borrowing capacity looks like? Send me a message or book a time through the link in my bio.

09/06/2026

First home buyers in Australia

Your borrowing capacity is based on household gross income, expenses and financial commitments.

For example:
- Every dependent can reduce borrowing capacity by up to $50,000 depending on lender.

- A $5,000 credit card limit can reduce borrowing power by around $25,000, even if it is not used.

- Saving more money does not automatically increase your home loan borrowing capacity. But it does increase how much you can purchase.

Plan early. Borrow smarter.

If you want to understand your borrowing capacity or home loan options, send me a message

08/06/2026

🏡 Think buying your first home in Victoria is out of reach?

Here's a real-world example that might surprise you.

👤 Single applicant
💰 $100,000 annual income (including overtime/shift allowance)
🙅‍♂️ No dependants
🙅‍♂️ No existing debts

Based on this scenario, you could potentially purchase a property for around $530,000.

To get started, you'd need approximately $31,000 in savings, which includes:
• 5% deposit through the Government Guarantee Scheme
• Legal costs
• Transfer fees
• Mortgage registration fees
• Lender application fees

You could also save approximately:
• $15,000 in Lender's Mortgage Insurance (LMI) • $24,000 in stamp duty as an eligible first-home buyer purchasing under $600,000 in Victoria

That's close to $39,000 in potential savings compared to a traditional purchase.

Every situation is different, but don't assume you need a massive deposit before exploring your options.

Want to know how much you could borrow? Send me a message or book a time through the link in my bio.

Skip the biggest upfront cost of buying your first home 🏠To qualify you generally need to be a first home buyer who'll l...
05/06/2026

Skip the biggest upfront cost of buying your first home 🏠

To qualify you generally need to be a first home buyer who'll live in the home, with a purchase price under your state's threshold, and you move in within the required timeframe.

Thresholds and
Stamp duty is usually one of the largest upfront costs of buying, and as a first home buyer it can be reduced or wiped entirely if your purchase sits under your state's threshold.

For most buyers, these savings can supersede any first home owner grant.

The numbers (first home buyer concessions):
→ Victoria: $0 up to $600k, reduced $600k–$750k
→ NSW: $0 up to $800k, reduced $800k–$1M
→ Queensland: $0 up to $700k, first home concession under $800k

To qualify you generally need to be a first home buyer who'll live in the home, with a purchase price under your state's threshold, and you move in within the required timeframe.

Thresholds and rules differ in every state.

The catch is the price cap, which is exactly where the right advice pays off

Save your first home deposit INSIDE super 🏠Most first home buyers don't realise their super can help them buy. The First...
03/06/2026

Save your first home deposit INSIDE super 🏠

Most first home buyers don't realise their super can help them buy.

The First Home Super Saver Scheme (FHSS) lets you make voluntary super contributions, then withdraw them (plus earnings) for your first home.

Because super is taxed at just 15%, your deposit can grow faster than a regular savings account.

The numbers:
• Up to $50,000 solo, or $100,000 as a couple
• $15,000 cap per financial year

To qualify you need to be 18+, never have owned property in Australia, have made voluntary contributions since July 2017, and live in the home you buy. One withdrawal per lifetime, applied for via the ATO.

It's not a shortcut and not for everyone, but used right it can put thousands extra toward your deposit

03/06/2026

If you’re a nurse in Victoria earning around $105K and you’ve saved $35K, you might be closer to buying than you think.

Here’s a real example

A property around Caroline Springs at roughly $580K could potentially be within reach, depending on your situation.

With around $35K saved, that could cover your deposit and upfront costs like legal fees and government charges.

$0 stamp duty if you’re under the $600k purchase price threshold as a first home buyer in Victoria.

On a loan $551K at 6.3% over 30 years, repayments could sit around $3,410 per month.

But here’s the part most people miss…

Two nurses on the same income can have completely different borrowing power depending on debt, expenses, and lifestyle.

So before you scroll past listings thinking “I’m not there yet”… it might be worth checking what your actual numbers look like.

If you want, I can run yours properly and show you where you stand.

Most nurses I talk to think they can't buy yet.Good income. Decent savings. Still stuck renting.The problem isn't the sa...
29/05/2026

Most nurses I talk to think they can't buy yet.

Good income. Decent savings. Still stuck renting.
The problem isn't the salary.

It's that nobody told them how lenders actually read a nursing payslip.

Shift loading counts. Overtime counts. Penalty rates count.

But only if they're presented the right way, to the right lender.

Meanwhile they're closing credit cards three weeks before applying and wondering why they got knocked back.

The gap between renting and owning is almost never what you earn.

It's what you know.

Save this. Share it with a nurse friend who's been "almost ready" for two years.

👇 What's the one thing holding you back right now?

Address

Melbourne, VIC
3000

Telephone

+61433236539

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