Refinance home loan rates in Victoria
The sharpest variable rate we track for Victoria 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 Victoria loan of $580,000, closing that gap is about $160 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.
Victoria borrowers refinanced about $1,780 million of home loans last month. You're far from alone in checking.
Lenders to compare in Victoria
Is refinancing in Victoria worth it?
Refinancing pays off when the saving clears your switching costs inside a year or two. In Victoria, discharge and setup fees usually run around $700 to $1,100. At a $160 monthly saving, most Victoria owners break even within a few months, then keep the rest.
Check your own Victoria rate
Upload your statement. We'll grade your rate against these Victoria benchmarks and value your property in 30 seconds.
Rate my mortgage