Locum
Last reviewed 13 June 2026 by Nick Lim, finance broker (FBAA).
Locum is a clinician who temporarily fills in for another, working short-term or on contract rather than as a permanent employee. Lenders often treat locum income like casual or contract income, so they usually want six to twelve months of consistent history before relying on it. Despite this, registered locums in eligible professions can still access strong medico lending terms once their income is established, similar to a self-employed home loan.
Why Locum Matters
Locum work pays well but looks irregular to a lender, so income history is what unlocks good terms.
- Temporary or contract clinical work
- Income treated like casual or contract
- Often needs six to twelve months history
- Registered locums still access medico terms
- Assessed much like a self-employed borrower
Common Features of Locum
- Short-term placements
- Higher hourly rates, variable hours
- Income via invoices or agency
- ABN or PAYG depending on arrangement
- Registration status checked by lenders
Official reference: ahpra.gov.au
What is a locum?
A clinician who temporarily fills in for another, working short-term or on contract.
How do lenders treat locum income?
Like casual or contract income, usually wanting six to twelve months of consistent history.
Can a locum get a home loan?
Yes, often on medico terms once income is established, similar to a self-employed home loan.
Is locum income reliable for serviceability?
It can be, once there is a steady track record, which lenders weigh in serviceability.
Does AHPRA registration matter for a locum loan?
Yes, current AHPRA registration in an eligible profession is usually required for medico terms.