CQU property expert reveals home truths on housing affordability
It’s never been harder for younger Australians to enter the property market, we regularly hear.
specialGet one of the lowest variable interest rates on the market and pay no application or ongoing fees
Get one of the lowest variable interest rates on the market
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Interest rate structure
$1 - $350kCalculate how much you can borrow
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
NSW, QLD, SA, VIC, WA
Estimated upfront fees
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The answer to this question is dependent on your personal circumstances – there is no best time for refinancing that will apply to everyone.
If you want a lower interest rate but are happy with the other aspects of your loan it may be worth calling your lender to see if you can negotiate a better deal. If you have some equity up your sleeve – at least 20 per cent – and have done your homework to see what other lenders are offering new customers, pick up the phone to your bank and negotiate. If they aren’t prepared to offer you lower rate or fees, then you’ve already done the research, so consider switching.