Are You Paying Your Bank Too Much?
By Kain – Mortgage Broker at Aussie Home Loans Clayfield
(Brisbane Inner North – Serving Clayfield, Nundah & Hendra)
Why Waiting for the RBA Might Cost You
Many homeowners were hoping for an interest rate cut in July. But the Reserve Bank of Australia (RBA) kept rates on hold, showing again that nothing is certain until their board meeting is over.
The good news? You don’t have to wait for the RBA. Many borrowers are already getting their own rate cut by refinancing – and you could too.
Refinancing Is on the Rise
Recent data from PEXA shows refinancing is up 12.5% compared to last year. In the first three months of 2025 alone, more than 65,000 home loans were refinanced.
Still, a lot of people are missing out. A survey by CtM found 65% of borrowers who’ve had the same home loan for over three years haven’t refinanced.
Why Now Might Be the Right Time to Switch
Think of your home loan like a mobile phone plan – a deal that was great years ago might no longer be the best fit.
In 2025, lenders are moving differently:
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Some are offering rate cuts without the RBA changing rates.
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Fixed-rate deals starting with a “4” are making a comeback.
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New products often come with better features or flexibility.
The Risk of Staying Loyal
Loyalty to your bank might feel safe, but it could be costing you thousands over the life of your loan. Higher rates or outdated loan features can hold you back financially.
Your Next Step
If it’s been more than two or three years since you reviewed your loan, now’s the time to check in.
As a Mortgage Broker Clayfield, Mortgage Broker Nundah, and Mortgage Broker Hendra, I can:
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Compare your current rate with hundreds of options from multiple lenders.
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Explain your choices in clear, simple terms.
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Help you switch to a home loan that suits your needs and goals.
📞 Call Kain – your trusted Brisbane Mortgage Broker – today and see if you can secure a better deal before rates change again.