Refinance home loan rates in New South Wales
The sharpest variable rate we track for New South Wales owner-occupiers is 5.84% this week, against a market average of 6.17% (home-loan rates are set nationally, not by state). On a typical New South Wales loan of $640,000, closing that gap is about $176 a month back in your pocket.
WARNING: These are advertised interest rates, not comparison rates. A comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate. Comparison rates are based on a $150,000 loan over 25 years.
New South Wales borrowers refinanced about $2,140 million of home loans last month. You're far from alone in checking.
Lenders to compare in New South Wales
Is refinancing in New South Wales worth it?
Refinancing pays off when the saving clears your switching costs inside a year or two. In New South Wales, discharge and setup fees usually run around $700 to $1,100. At a $176 monthly saving, most New South Wales owners break even within a few months, then keep the rest.
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