Our expertise hub features practice success stories from our clients, articles, research, tools and calculators to help you with your personal and business finances.
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A sudden loss of income through redundancy or illness, and even relationship breakdowns, can have a devastating impact on your financial arrangements.
The Future Series: what will the Sydney of the future look like
This series of articles, brought to you in collaboration with Health Project Services, will look at what's to come for our city and its outer regions, all with a view to help you future proof your business.
Use this calculator to determine how much interest you could save by offsetting your savings against your home loan.
Looking to build a better general practice?
Assess your practice business risks today with a 60-second survey from Bstar.
Setting a budget to manage your tax
If you're working as a casual worker or under a service facility agreement, you may finish the year with a tax bill. Read about how to manage and budget for it.
Is it time for your own private practice?
The dream of owning a private practice is shared by many healthcare professionals. How do you know when you’re ready to do it?
Home loan repayments calculator
Our home loan calculator helps you work out what your minimum weekly, fortnightly or monthly home loan repayments would be for the amount you are planning to borrow.
Stamp duty calculator
Stamp duty varies depending on the State or Territory your property is in. Use this calculator to work out the amount you may be required to pay.
Practice purchase guide for doctors
Our medical Practice Purchase Guide is a great tool designed to help doctors navigate the process of owning a practice, and understand the financial options available.
Home buyers guide
The BOQ Specialist Home Buyer’s Guide is a great tool for anyone interested in the housing market at a granular level. In the guide, we have made it easy for you to focus on what is important as you consider your financing options.
What's the best home loan for doctors?
Finding the best home loan for medical professionals is confusing, especially when it’s your first. BOQ Specialist can help you navigate the minefield.
Success story: Dr Richard Seymour on opening a beach-side veterinary practice
Not one to do things by halves, Dr Richard Seymour is a runner, musician and vet. For him, moving from a corporate practice back to private practice was one more adventure. Read his story.
Success story: Dr Nick Palfreyman and Dr Peter Apostolopoulos on opening a specialist dentist clinic
Dr Nick Palfreyman and Dr Peter Apostolopoulos knew they wanted to open a specialist dental clinic in Ballarat, but they quickly realised the need for their services was much greater than originally planned.
Success story: Dr Daniel Kim's vision for starting the perfect practice
Vision has never been an issue for Dr Daniel Kim. Working in a rage of clinics throughout NSW, Dr Kim quickly learnt what makes a good dental practice and it wasn’t long before he set out to make his vision a reality.
Success story: Dr Ben Carew started his own practice with dreams to expand
Like any medical professional, Dr Ben Carew has dreamed of starting his own practice. Not only does he now have a thriving dermatology practice in Brisbane, but he also has plans to expand. Read how.
Success story: Dr Alice Rudd on opening a dermatology practice like no other
Read about how a gap in the market inspired dermatologist Dr Alice Rudd to open a holistic clinic that empowers patients to look after their skin for the long term.
From growth to consolidation
You’ve grown your practice into a flourishing business. What’s next? Having sound financial structures in place ensures you maintain those gains.
Five tips for managing excess cash
If you’re a medical professional and have worked hard to grow your business, there may come a time when you have excess cash. But what should you do with it?
Getting the most out of tax time
Getting the most out of tax time isn’t just about hoping you’ll land a fat refund cheque that you can squander on new shoes or the latest gadget. Of course, you can spend your refund cheque on anything you like but first make sure you’re doing all you can to get that cheque.
Dental Practice Research Report
Produced in partnership with Bstar, this report provides an extensive view into the dental industry, including the challenges dentists face and the opportunities to grow their practices.
Five quickest paths to financial independence
It’s important to get to grips with how becoming financially literate now can help fast track your path to financial independence later.
The First Home Super Saver Scheme in five easy steps
The government has devised a way you can save for your first home deposit in your superannuation. It's called the First home super saver (FHSS) scheme. Find out how it works.
How to be financially prepared for your tax payments
Lodging your own tax return doesn't have to be a scary experience, but you need to ensure you do it right, and on time, to avoid penalties.
Is the electric car finally viable?
Electric car sales have taken off overseas, but not as much in Australia. There have been some good reasons for that, but it’s all about to change.
Success story: The best home loan package
For husband-and-wife dentistry team Tarcilio and Silvia Cavalcante, keeping their practice afloat and finding the finance for a new home proved a challenge. Find out how they found the balance.
Future Focus: Diana Hancock
Diana Hancock, a medical student from Flinders University in Adelaide, was one of the five recipients of our FutureFocus grant for 2017.
Checklist for setting up a medical practice
Setting up a medical practice can be daunting. This checklist shows what you need to decide and act on to get started.
Home buyer's guide for accountants
There are many lifestyle and financial considerations to be made when it comes to buying property, and it can be difficult to navigate your way through the mountain of information. You may not even have the time to do so. That's why we developed the BOQ Specialist Property Buyer's Guide for accountants.
3 thoughts to help you achieve your personal finance goals
Whether you’re saving for a deposit, planning your own practice or saving for a trip, here are a few practical tips to help make your dreams a reality.
Term deposits vs high interest savings accounts: where is your money best kept?
Deciding where to keep your money can be a daunting process. With so many options out there, should you go for a term deposits or a high interest savings account?
Things to consider when renovating your home
There are a few factors to consider if you're planning to project manage your own home renovation. Here's what you should know beforehand in order to avoid any surprises later on.
Landowner vs Landlord: what's better for you?
Becoming a landlord can seem like a smart way to make money, but there's a lot of factors to consider. Let's go through some options available to investors and discuss their pro's and con's.
Learn how to utilise the equity in your home
Utilising the equity in your home, can be a smart financial tool to grow your property portfolio. But how does this work?
How to avoid the EOFY taxing the health of your business
The end of the financial year is quickly approaching and getting your finances in shape will be top of mind for many busy professionals. BOQ Specialist’s Gavin Brandenburger reviews the advantages of the current tax deductions for small businesses.
Success story: how Dr Tu Tran turned her vision into a full-service ophthalmology clinic
Eyes First, a specialist clinic in Springvale launched in April 2017, was the realisation of a big-picture vision for ophthalmologist Dr Tu Tran and her business-savvy husband Quoc Vo. Find out more.
Is it time you took a break from your practice?
As a busy doctor, dentist or vet managing your own practice, arranging a holiday is probably not top of your agenda either. If you need an extra incentive to take the plunge and book that trip, we highlight some reasons why a holiday could boost the health of your practice.
The unique money problems of doctors, vets and dentists
As an accountant you understand how different professionals need to be treated individually when it comes to managing their finances. This definitely rings true for healthcare professionals.
Where to park cash from your business
As a busy doctor, dentist or vet, it can be difficult to know how to consolidate all your finances to ensure any extra cash coming in is used to its best potential. Here are some of the options available to business owners.
Your savings: How to choose what works for you and your money
We explain what to consider when looking at savings and deposits accounts, and how they can earn you a competitive rate, no matter what stage of your career you are at.
Practice purchase guide for vets
Our veterinary Practice Purchase Guide is a great tool designed to help vets navigate the process of owning a practice that’s right for your future plans and understanding the financial options available.
Guide: How to own a dental practice
Our dental practice ownership guide is a great tool designed to help dentists navigate the process of owning a practice that’s right for your future plans, and understand the financial options available.
Success story: Dr Ashish Chawla on setting up two clinics at once
Setting up two clinics at once might sound impossible to some, but not for Dr Ashish Chawla. With the help of BOQ Specialist’s Richard Curia, Dr Chawla was able to successfully establish one radiology clinic while he bought another one. Find out how.
Success story: How Dr Timothy Clipsham started a family dental practice
Dr Timothy Clipsham always knew he wanted to become a dentist. He also knew he one day wanted to open his own family dental practice. Years on and with some help from BOQ Specialist’s Michelle O’Connor, Dr Clipsham has realised both of his dreams. Find out how.
Success story: Dr Nick Rennick on buying a new home 4000 kms away
For first-home buyers, taking the plunge can daunting. Especially if, like Dr Nick Rennick, you’re moving across the country. BOQ financial specialist Karyn Bailey was there to help him find his feet and fund his first home stress-free. Find out how.
Success story: Dr Nick Daley's fresh start for an old dental practice
The road to Dr Nick Daley’s dream dental practice was long and full of pot-holes. So, when Dr Daley finally found his perfect practice, he was determined to make his dream a reality. With the help of BOQ Specialist’s Luke Truscott, Dr Daley was able to buy the business, renovate it and make it his own. Read about the process they took.
Success story: How Dr Dan Trevena bought a first home twice
Buying a first home is full of choices. House or apartment? City or country? Doctors Dan Trevena and Jacinta O’Neill found the perfect answer: choose both. With guidance from BOQ Specialist’s Krista Adams, the young couple realised their dream of a city crash pad and country retreat at the same time. Find out how.
Success story: Dr Bryan Pang on expanding a dermatology practice
Dr Bryan Pang has made a career and a dermatological empire out of making people feel better about themselves—one blemish at a time. And, with over 100, 000 patients accrued in just 20 years, Dr Pang isn’t showing signs of stopping any time soon. Read more.
Success story: Dr Brian Todd on starting a regional practice
Following his degree, Bowen boy Dr Brian Todd found himself back in north Queensland. Only, now, he was a man with a plan: he wanted to open a state-of-the-art rural practice so locals could access the best optical care. Find out how he opened Cairns Eye Surgery.
Future Focus: Masoud Nasir
Masoud ‘Mass’ Nasir, a final year dental student, was a recipient of our FutureFocus grant for 2017. Read about his overseas placement in Latouka, Fiji.
Future Focus: Sunjuri Sun
Sunjuri Sun, a fourth year medical student, was a recipient of our FutureFocus grant for 2017. Read about her overseas placement in Kathmandu, Nepal.
Five hacks for maximising reward points
Sometimes it can seem easier to clear your entire HECs debt than it is to accrue frequent flyer points on your favourite credit or store cards. But for those willing to put in a little extra effort there exist a heap of ways to fast track your travel goals. Here’s a handful of easy ways to earn maximum reward points.
Seven tips for saving for the future
If you're graduating soon, preparing for financial independence will help you to transition into the next stage of your life and your career. Setting goals, making a plan, and actively contributing to your savings account will help you to make better decisions about your finances now, and in the next stage of your life.
How to set SMART goals for managing money
As a doctor, dentist or vet who spent years at university, chances are you’ve heard of SMART goals. Let’s take a closer look at how SMART principles can help you achieve your financial goals.
Savings hacks for a student budget
There are enterprising students who manage to juggle a job with academia, while putting aside a buffer of savings. The question is, how?
Success story: Dr Niall Jefferson as he opens the doors of his new practice
Dr Niall Jefferson’s medical career has taken him all over the world, but all roads eventually led to Newcastle. Find out how he set up his ENT practice.
Success story: Dr Garreth McBride on becoming a father and opening a new dental practice
Dr Garreth McBride became a father just two weeks before he opened The Good Dentist, his new dental practice. Read more.
Success story: vet Dr Chris Blair has taken a different approach
Read about how Blue Mountains vet Dr Chris Blair has benefited from having his finances under one roof.
Success story: Dr Sathie Naidoo on his dream practice in regional Victoria.
It wasn't always Dr Sathie Naidoo’s intention to practice family dentistry in regional Victoria—he started out studying engineering in South Africa. Find out how he made it all the way to Bendigo.
5 tips to make the most of your credit card
Whilst they are a very useful financial tool, have you ever asked yourself “am I getting the most out of mine?”
Success story: Dr Julian Fidge and Ms Kim Ching on breaking out
Read about how a desire to provide great healthcare services led Dr Julian Fidge and Ms Kim Ching to build a practice to help residents in need.
Success story: how Drs Matt and Vanessa Palmer started a new practice
Dermatologists Matt and Vanessa Palmer always dreamt of starting a new practice. But it happened earlier than they ever thought possible. Find out more.
What are the home loan costs you never expect?
While property prices can take your breath away, there are extra home loan costs that can sting you if you don’t expect them.
Stamp duty relief for first home buyers
Thinking about buying your first home? A number of recently introduced policies in NSW and Victoria are designed to help first-home owners break into the property market.
Success story: Mixing business and family in a busy dental practice
Mixing business and family can be a rough road, but for husband and wife dentists Dr Lesley Moffat and Dr Marc Nalder, it’s a way of life—one that has seen the 20-somethings fast track their path to success. Read how.
Success story: Dr Marc Miller and Dr John Burgess
When plans were announced to revitalise their suburb, the dentists at Nundah Village Dental decided to get in on the ground floor—literally. Find out how.
Success story: Drs Kent Farmer and Marcus Tod
Ethos Orthodontics grew to become Queensland’s largest orthodontics provider—and led to the opening of a clinic in Shanghai. Read more.
Success story: how Dr Rachel Mascord and Dr Joanna Wyszynski became business partners
Mentorship turned into a dental practice partnership for Drs Rachel Mascord and Joanna Wyszynski, but they needed was a little help from BOQ Specialist to close the deal. Find out more.
Success story: how Dr Rajesh Kanna built a cardiology testing service
Dr Rajesh Kanna could see the potential of starting a cardiology testing service. Two years later, he’s running four centres with more on the way. Read more.
Success story: How Dr Penny Lim started her own dermatology practice
When Dr Penny Lim wanted to start her own dermatology practice, her husband, Dr Lee-Tam Teo, decided to help. Find out how.
Success story: Dr Nic Cher's veterinary practice in Brisbane's Fortitude Valley
Dr Nic Cher found a home for his new veterinary practice in Brisbane’s Fortitude Valley. Now he’s finding homes for abandoned pets. Read how.
Success story: Dr Kathleen Walsh's dream of running her own country dental practice
When her youngest turned eight, Kathleen Walsh turned to BOQ Specialist to realise a dream of running her own country dental practice. Read more.
Success story: Dr Catherine Harper
Dr Catherine Harper had her first child and bought her first veterinary practice in the same year. Find out more.
Success story: Dr Vince Figliomeni and Dr Angela Pathmanathan opened a practice and found love
Vince Figliomeni and Angela Pathmanathan found themselves starting a dental practice and a life together at the same time, thanks in part to BOQ Specialist. Read more to find out how.
Success story: Dr Amir Akram’s one-stop shop for patients
Despite early hurdles, Dr Amir Akram’s vision for growing his practice into a one-stop shop for patients became a reality. Read more.
Five top tips for buying a car
The time and effort involved in purchasing a new car can often be quite off-putting, particularly for time-poor professionals. Luckily, there are a few simple things you can do to speed up the process of buying your next car.
When is a great time to buy a new car?
Buying a car is a big investment, but there's a particular time of year where you can take advantage of price reductions. Find out more.
How to get into your first home quickly
When you’ve settled into your career and are looking to buy your first home, being unprepared can lead to frustrating delays. It’s important to be aware of the pitfalls that could slow you in reaching your goal.
Success story: Dr Anne Clark puts Fertility First
For a Sydney fertility specialist, her new premises has a unique aesthetic—this calming and contemporary practice acts as a cosy haven for anticipative patients. Find out how.
Setting up your finances for retirement
Knowing you are in a position to fund the next phase of your life is of utmost importance when contemplating your retirement. Follow these tips for setting up your finances for retirement.
Success story: Finding the perfect country dental practice
Moving to the front line of Australia’s regional dental crisis has given dentist Dr Shayne Scott a place to call home.
Guide: How to grow your dental practice
When your existing dental practice is in a ‘growth’ phase there are several different paths you can follow for expansion. Our guide will help you quickly work out the pros and cons of each path.
Success story: Dr Robert Magotti’s path to the perfect Ultrasound clinic
Dr Robert Magotti is a man with a plan and the ultrasound clinic he has just opened is only the beginning. Read more.
Success story: Merging medical services for better patient outcomes
From the start, rheumatologist Dr Irwin Lim was in no doubt as to the type of practice he wanted to lead. He didn't have to look far to find others willing to support his vision. Read more.
Success story: Dr Rob Hill on opening his veterinary hospital
Dr Rob Hill's decade-long journey to open Australind Veterinary Hospital in Bunbury has been long and often challenging. Read about how his plan is finally coming true.
Succes story: Dr Prashanth Dhanpal on finding a new life as a dentist in Australia
Learn about dentist Dr Prashanth Dhanpal’s journey from India to Hong Kong and eventually Sydney, where he has established his own practice.
Success story: Dr Brett Boling moved from a mobile vet practice to practice purchase
Dr Brett Boling was happy running a mobile clinic in Adelaide, South Australia, until he realised the potential of starting a more permanent practice. Read more.
Success story: Setting up My Local Vet
When two veterinarians decided to set up their own practice, personal service was at the forefront of their business plan. They just needed a bit of help. Read more.
Success story: Dr Greg Mahon's patient wait for a practice
After eyeing off the ideal commercial space for more than a decade, veterinarian Dr Greg Mahon is now finally calling it home. Find out how.
Five tips for credit card first timers
Credit cards are great for earning points and building a credit history, and they don’t have to cost the earth in fees and interest. But how do they work? What are the benefits—and the costs—associated with putting it on the plastic?
Report: Specialists serving specialists
Our benchmark report compares the working environment, opportunities and challenges of Australia’s 100,000-strong medical, dental and veterinary professions.
Success story: Dr Andrea Zalan and her unique practice for children and their families
Learn about how Dr Andrea Zalan, a paediatrician and child psychiatrist, considered her patients' total wellbeing when building her dream practice.
Success story: Growing the practice in a boom suburb
Find out how BOQ Specialist helped Dr Tim Diep fulfil his dream of expanding his practice after 20 years working as a GP in the Sydney CBD.
Success story: Dr Geoff Wilson on his animal adventures
Find out about how record-breaking adventurer Dr Geoff Wilson opened his own chain of veterinary practices, Vet Love.
How to finance an overseas elective on a student budget
An overseas elective is likely to be one of your most memorable student experiences. Early preparation and planning will ensure you spend time enjoying your trip—not stressing over your bank balance.
How to build a healthy credit history
As a busy student you’ve got a lot on your plate. But when it comes to building a healthy credit history it’s never too soon to get started. The good news is that you’re in control and there are many things you can do right now to start building a strong credit history.
Success story: From derelict pub to medical hub
When a GP moved to Launceston he soon saw the opportunity of converting an old pub into a sleek medical hub. Find out how.
Success story: Growing the practice in a boom suburb
Linda Gao spent seven months transforming her level of business knowledge from ‘clueless’ to ‘confident’ in order to create a dental practice that is all about the patients. Read more to find out how.
Success story: Creating the ideal cosmetic and dental surgery
For Sydney Cosmetic Sanctuary to be successful, Dr Rohit Kumar needed two things: his wife, Dr Nidhi Berera, to work with him, and the financial support of BOQ Specialist. Find out more.
Success story: Dr Sarah Varma on where smiles reign
After eight years honing her skills at a range of boutique clinics across Western Australia, dentist Sarah Varma made the leap to set up her own dental surgery. Find out how.
Success story: From a profession to an implant learning centre
When Associate Professor Dan Brener found the dental profession was lacking education for implant surgery, teaming up with BOQ Specialist helped him use his love of teaching to share his knowledge with others. Find out how.
Success story: Buying a car and getting on the road again quickly
Dr Mark Ridhalgh needed to purchase a car before the end of the financial year. Find out how he made it happen, with BOQ Specialist's help.
Medical Specialists in Australia: a snapshot
With our ageing population and rising incidence of chronic disease, the demand for specialist medical services is increasing. Here we take a snapshot of what that means for the industry.
Success story: Starting a family-focused medical practice
Dr Michael Clem had a dream of opening his own medical practice. He turned to BOQ Specialist to make it happen. Read more to find out how.
Success story: Dr Prabhakar’s home loan made work easier
Buying a home closer to his place of work has made the life of Dr Prabhakar Ramachandran much easier and more enjoyable. See how.
Success story: The benefits of running your own specialist dental practice
Dr Pantea Motearefi wanted to start her own specialist dental practice so she could offer the very finest care, and the very latest technology, to patients. Find out more.
Financial tips for when you start your medical career
After years of study, the end is in sight. But before you start looking after patients and clients, here’s a few simple tips to ensure your own financial health.
Success story: Buying your own veterinary practice
A shared vision for Drs Lewis Hunt and Caroline Wood saw the young vets purchase the veterinary clinic where they first met. Find out more.
How to be practical about your practice fit-out
While setting up your professional practice is an exciting opportunity, it’s important to get it right from the outset. Tackling the project in a holistic manner can help you get one step ahead.
Five tips for succession planning
Despite advising clients on their succession plans, accountants often put the needs of their own practices on the back-burner. Whichever side of the plan you sit on, we have five top tips to help you successfully plan and implement your succession.
Success story: Growing a specialist urology practice
As repeat clients, Drs Shane La Bianca and Jeff Thavaseelan knew BOQ Specialist would be able to support the growth for their urology clinic, despite the size of the investment. Read more.
Success story: Financial help at the end of your dental degree
Final-year dentistry student Nathaniel Nowicki has a multi-layered relationship with BOQ Specialist that has only become more valuable as he nears graduation and a new career. Find out why.
Success story: How Dr Michael Tam built two dental practices
After moving away from his roots in North Sydney and building a successful dental practice on the other side of town, Dr Michael Tam returned and did it all again. Read more, to find out how.
Success story: How to buy an existing medical practice
When Dr Sushil Anand decided to buy an existing practice in Mackay, BOQ Specialist made the transition a smooth one. Find out how.
Success story: How to build a flagship practice with your SMSF
When a Queensland orthodontist found the property for the practice of his dreams, he built it with the help of his SMSF and BOQ Specialist. See how.
Success story: How Dr Rohan Crouch built a specialist day surgery
Find out how a unique business opportunity for Dr Rohan Crouch has provided rural Victoria with a state-of-the-art day surgery.
Success story: fixing a home loan nightmare
When Dr Daniel Varma’s home loan fell through the day before settlement, he turned to BOQ Specialist to get the job done fast. Read more.
Success story: Personal banking kept all in the family
Having joined her family’s dental practice, Dr Rebecca McDermott followed suit in talking to a BOQ Specialist consultant for her personal banking. See how.
Success story: How Dr Jagadish Krishnan bought and built his practice
Dr Jagadish Krishnan’s dream of owning his own practice seemed unlikely. Today, he owns 10 practices across Perth. Find out how.
Success story: A new kind of medical practice
Read how a lifelong interest in making healthcare more responsive to patients led Dr Paul Tescher and Ms Chantelle Brott to build a unique practice.
Success story: Gemma Cribb on relocating her practice
When a move to new psychology premises proved difficult for Gemma Cribb, she got help from BOQ Specialist. See how.
What to look for when buying or financing a property
Regardless of your stage of life, buying a home is a big financial decision. BOQ Specialist’s Trevor Robertson and real estate company NG Farah’s chief market strategist Peter McGuire distill the key factors to consider when matching a home loan to your stage of life. Hint: rates are merely one piece of the complex puzzle.
Best Practice magazine
Best Practice is our bi-annual magazine which features factual case studies from our clients and gives you first hand examples of how our financial specialists can give you quick access to the finance you need to grow your business.
The information contained in this webpage is general in nature and has been provided in good faith, without taking into account your personal circumstances. While all reasonable care has been taken to ensure that the information is accurate and opinions fair and reasonable, no warranties in this regard are provided. We recommend that you obtain independent financial and tax advice before making any decisions.