2025 Refinance trends: Is it time to rethink your home loan?

With inflation heading in the right direction and the Reserve Bank of Australia (RBA) cutting the cash rate three times this year, many Aussies are wondering:

Is now a good time to refinance?

The short answer? It depends on your personal situation and goals. But there are some strong signs that now could be a great time to take a closer look at your home loan.

Inflation is settling down.

The latest inflation data is promising. The RBA’s preferred measure trimmed mean inflation is now sitting comfortably within their target range of 2-3%. That’s the lowest it’s been since late 2021.

If inflation and economic growth continue this path, we could see more rate cuts ahead. Financial markets are predicting a cash rate of around 2.9% by the end of 2026, which could mean more competitive home loan offers.

Lenders are competing for your business.

With rates dropping, lenders are sharpening their offers. That means you might be able to:

• Lock in a lower interest rate
• Access cashback deals
• Switch to a loan with helpful features like offset accounts or redraw facilities

Refinancing could help you save money and get ahead financially.

Should you refinance now or wait?

While no one can predict exactly when the next rate cut will happen, there are plenty of reasons to review your home loan now especially if any of these apply to you:

• You’ve been with the same lender for years

You might be paying more than you need to. It’s worth comparing offers to see if you can get a better deal.

• Your financial situation has changed

If your income, expenses, or goals have shifted, refinancing could help you find a loan that suits your current needs.

• You’re juggling multiple debts

Debt consolidation could simplify your repayments by rolling everything into your home loan. Just keep in mind it may cost more in interest over time—so let’s crunch the numbers together.

• You want to access your equity

Thinking about renovating or investing in property? Refinancing could help you tap into your home’s equity to fund your next move.

Let’s talk about your options.

If you’re considering refinancing, now’s a great time to get a home loan health check. We’ll help you:

• Explore your options
• Compare lenders
• Understand any costs involved
• Decide if refinancing is right for you

Reach out today we’re here to guide you every step of the way.