As we approach the end of the financial year, many individuals and business owners are reviewing their financial position and asking important questions about their lending. Whether you’re wondering if it’s time to refinance your home loan, or you're a business owner looking to finance equipment before June 30, now is the ideal time to act.

After a long run of interest rate hikes, we’ve recently seen the first signs of easing, with one cut already behind us and cautious optimism about more to come throughout the year. While rates are still relatively high compared to where we were a few years ago, the landscape is starting to shift—making it a smart time to review your loan and make sure it's still working for you.

Rates Have Changed, and So Have You

Many borrowers are still sitting on variable rates in the 6–7% range, and we’re seeing a growing gap between older loans and what’s currently available in the market. Even if you fixed your rate in recent years and have recently reverted, you might now be paying more than you need to.

At the same time, lenders have tightened up their assessment criteria. So, it’s not just about chasing the lowest rate—it’s about making sure your loan structure suits your cashflow, goals, and current financial circumstances.

Refinancing Isn’t Just About Saving Money

While reducing repayments is a great outcome, there are other reasons our clients choose to refinance:

• Accessing equity for renovations, investment, or business opportunities.
• Consolidating personal debts to free up monthly cashflow.
• Restructuring loans to allow for offset accounts, interest-only terms, or multiple splits for better budgeting.

Often, a well-structured loan can save you far more than just interest—it can give you more flexibility and control.

So, Is Now the Right Time?

There’s no one-size-fits-all answer. But if it’s been more than two years since you reviewed your loan, or your circumstances have changed (new job, growing family, business purchase, or property goals), it’s worth having a conversation.

For Self-Employed Clients: Act Now on Equipment Finance

If you're self-employed and considering purchasing business equipment or vehicles, it's worth noting that many lenders require settlement before June 30 for the purchase to be deductible this financial year. With lead times tightening and demand increasing in the lead-up to EOFY, we recommend getting in touch as soon as possible to avoid missing out on valuable tax opportunities.

Our team can do a no-obligation home loan health check to see whether your current lender is still serving you well—or if there’s a better fit available in today’s market.

Need Help? Let’s Talk

If you’d like to discuss your loan options, or simply want to understand what’s possible, reach out to our Finance team. We’re here to help you feel confident about your lending, now and into the future.