Refinance home loan rates in Queensland
The sharpest variable rate we track for Queensland 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 Queensland loan of $520,000, closing that gap is about $143 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.
Queensland borrowers refinanced about $1,290 million of home loans last month. You're far from alone in checking.
Lenders to compare in Queensland
Is refinancing in Queensland worth it?
Refinancing pays off when the saving clears your switching costs inside a year or two. In Queensland, discharge and setup fees usually run around $700 to $1,100. At a $143 monthly saving, most Queensland owners break even within a few months, then keep the rest.
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