For most borrowers, your job or industry doesn't change the interest rate you're offered. A secure job at a large retailer and a job that needs a university degree generally get the same rates. The main exception is professional packages: some lenders offer discounts or waive lenders mortgage insurance for certain professions, particularly medical professionals, who tend to earn higher incomes.

In this short video, McKern mortgage broker Mark Jones explains how lenders treat different occupations when setting rates.

General information only, not personal advice.