The complete guide to refinancing in Australia. Learn when to refinance, how to compare rates, and unlock thousands in savings.
Refinancing is worth considering when your annual savings exceed your refinancing costs within a reasonable timeframe (typically 2 years or less). The most common triggers are: interest rates dropping 0.5% or more, your fixed rate term ending, your property value increasing significantly, or your financial situation improving.
On a $500,000 loan, a 0.5% rate drop saves approximately $2,500 annually. With typical refinancing costs of $1,500-$2,500, your break-even point is 6-12 months. If you plan to stay in your home longer than this, refinancing makes financial sense.
This hub brings together everything you need to make an informed refinancing decision. Whether you're exploring your options or ready to refinance, we've created detailed guides to answer your questions and help you save thousands.
Master the break-even analysis and discover exactly when refinancing saves you thousands. Learn the 6 main refinancing triggers and when NOT to refinance.
Learn how to compare rates like an expert. Understand fixed vs variable rates, comparison rates, and how to find the best mortgage rates across 40+ lenders.
Understand all refinancing fees and calculate your break-even point. Learn cost-saving strategies and how to negotiate better rates.
Step-by-step guide from application to settlement. Learn what to expect, required documents, and how to avoid common delays.
Unlock your home's equity to fund investments, renovations, or other major life goals. Learn how equity release works and what you can use the funds for.
| Factor | Fixed Rate | Variable Rate |
|---|---|---|
| Initial Rate | Typically 0.3-0.5% higher | Typically lower (0.3-0.5%) |
| Payment Certainty | ✓ Fixed payments for 1-5 years | ✗ Payments fluctuate with rates |
| Rate Risk | ✓ Protected from rate rises | ✗ Exposed to rate rises |
| Flexibility | ✗ Limited redraw/offset | ✓ Full redraw/offset access |
| Break Costs | ✗ May apply if rates fall | ✓ No break costs |
| Best For | Budget certainty, rate rise protection | Flexibility, rate fall opportunities |
Average rate drop that triggers refinancing
Annual savings on $500k loan at 0.5% reduction
Months to break even on typical refinance
Weeks from application to settlement
We compare rates across major banks and specialist lenders to find you the best deal. Often securing rates 0.2-0.5% lower than advertised.
We calculate your break-even point and identify genuine savings. No pressure to refinance if it doesn't make financial sense for you.
Clear explanations of all costs, benefits, and terms. You'll understand exactly what you're getting and why we recommend it.
We ensure your Peak Debt and End Debt are stress-tested against rate rises. Your loan structure is built to withstand market changes.
Get a personalised refinancing analysis from our expert mortgage brokers. We'll calculate your break-even point and show you exactly how much you could save.
The only way to know if refinancing makes sense for your situation is to run the numbers properly, current rate vs new rate, break costs, switching fees, and the break-even point. Complete your scenario and we'll have everything we need to give you a clear recommendation.
Takes about 15 minutes. No application, no commitment.
Real testimonials from satisfied customers
"Luke helped me get my first home loan. He was extremely helpful throughout the entire process and was on top of everything. Especially as being a first home buyer this was a confusing process but Luke was always available to answer questions I had and was very open and quick to note any changes to my approval process. Thanks heaps Luke. Will definitely use your services again!"
Jake Graceffo
31 Mar 2026