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RBA’s 2026 Update on Refinancing

Posted on by Laze Spasevski
2026 RBA Update on Refinancing Conditions
If your loan is due for refinancing this 2026, it’s important to be aware of the RBA’s latest update. While borrowing could be easier in some areas, persistent inflation means lenders are likely to remain cautious. What the RBA sees: Borrowing costs are lower because of recent interest rate cuts. Loans are still widely available, and extra charges for risk are low. But in...
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Home Loan Refinance Has Surged

Posted on by Laze Spasevski
Home Loan Refinance Has Surged
Hom Loan refinance has surged as an enormous number of Australians have been refinancing their home loans this year. In the June 2025 quarter, the number of mortgages that were refinanced with external lenders was 0.8% higher than the March 2025 quarter and a striking 20.9% higher than June 2024, according to the Australian Bureau of Statistics.   This surge in refinancing coinc...
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How to Approach Rate Cuts

Posted on by Laze Spasevski
How to Approach Rate Cuts
Some lenders have already started trimming their home loan rates and homeowners want to know how to approach these rate cuts in order to take advantage of lower rates without compromising loan flexibility. That’s because not all lenders are moving in sync. Some are dropping rates early to stay competitive and attract new customers – which means loans that once had very sharp rates may no lo...
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Borrowers Embrace Refinancing

Posted on by Laze Spasevski
Borrowers Embracing Refinancing
Market commentators are expecting a big jump in refinancing activity in the coming weeks, given that numerous borrowers embrace refinancing their home loans earlier in the year following the previous cash rate cut, in February, by the Reserve Bank of Australia. Equifax, a credit reporting agency, has reported that the number of mortgage applications in the first quarter of 2025 was 5.2% hig...
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Lenders Cut Interest Rates

Posted on by Laze Spasevski
Lenders Cut Interest Rates
More than 65 lenders, including the big four banks, have cut their interest rates following the Reserve Bank of Australia’s decision to reduce the cash rate from 4.10% to 3.85%. This will mean lower repayments for the typical variable-rate borrower – although the size of the rate cuts, and the dates at which they’re taking effect, is varying from lender to lender. Here are three tips...
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RBA Reveals Positive Mortgage Data

Posted on by Laze Spasevski
RBA Reveals Positive Mortgage Data
The Reserve Bank of Australia (RBA) reveals that “there is positive mortgage data for a vast majority of borrowers. That means, borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank's latest Financial Stability Review. Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mo...
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Interest Rates Have Evolved

Posted on by Laze Spasevski
Interest rates have evolved over the past 18 months according to the latest Reserve Bank of Australia (RBA) data. It certainly has shown the impact the RBA's cash rate rises have had on the mortgage market. The key is to compare average interest rates for all outstanding loans in April 2022 – the month before the first rate rise – and August 2023 – the most recent month for which we have da...
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Refinancing Topped $20bn

Posted on by Laze Spasevski
Refinancing activity has topped $20bn in August as revealed by the latest Australian  Bureau of Statistics (ABS). It is 3.9% lower than the month before but 12.4% higher than the year before. One major contributing factor to the rise of refinancing activity is due to lots of people coming off fixed rates right now. With this in mind, it’s no surprise that an enormous amount of refinancing i...
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Rates are Lower Than Expected

Posted on by Laze Spasevski
Despite the interest rate rises that have occurred since last year, rates are lower than expected. The number one contributing factor to this is the “strong competition between lenders”, according to the Reserve Bank. Between May 2022 and June 2023, the cash rate increased by 4.00 percentage points. But during that same period, the average interest rate for outstanding variable-rate loans in...
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Refinancing Remained at Record Highs

Posted on by Laze Spasevski
“Refinancing activity has remained at record highs in recent months, as borrowers continued to switch lenders amid interest rate rises,” according to the Australian Bureau of Statistics (ABS). Owner-occupiers and investors refinanced a combined $20.2 billion of loans with external lenders in June, the ABS reported. While that was 3.1% lower than the month before, it was 12.6% higher than...
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