Refinancing surges as borrowers chase better deals
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 coincided with interest rate cuts by the Reserve Bank of Australia in February and May, which prompted many lenders to reduce their home loan rates. For borrowers, refinancing has been a way to secure lower repayments, lock in a sharper deal or access equity for other financial goals.
If you’re thinking about switching lenders, it’s important to do your homework. Refinancing can deliver big savings, but it’s important to choose the right lender, loan and structure. Fees and charges can erode the benefit of switching, and each lender has its own credit policies that can affect your borrowing power.
Contact me today and we can review your loan.
Donna-lee Parkes – donna-lee@celsius.com.au