Refinance home loan rates in Western Australia
The sharpest variable rate we track for Western Australia 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 Western Australia loan of $500,000, closing that gap is about $138 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.
Western Australia borrowers refinanced about $720 million of home loans last month. You're far from alone in checking.
Lenders to compare in Western Australia
Is refinancing in Western Australia worth it?
Refinancing pays off when the saving clears your switching costs inside a year or two. In Western Australia, discharge and setup fees usually run around $700 to $1,100. At a $138 monthly saving, most Western Australia owners break even within a few months, then keep the rest.
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