Refinancing in Australia: a surge in 2025 and why timing still matters
Tens of thousands of Australians are refinancing their mortgages every month, but there's a time to do it and a time when it's not the move to make.
Refinancing can pay off handsomely but it's not a guaranteed way to save on home loan repayments. (Image source: Mongta Studio/Shutterstock.com)
As Australia heads deeper into 2025, refinancing is resurfacing as a powerful tool for home owners.
Over the past year more than 500,000 loans were refinanced, fuelled by a notable 33 per cent increase in internal refinancing where borrowers either negotiated better terms with their current lender or drew equity for other purposes.
In the March quarter alone, around 65,000 loans were switched between lenders — a 5.1 per cent rise on the previou…
