Yep, interest rates are still coming down! But what does that actually mean for you and your mortgage? Is it time to refix, refinance—or just stay put?
We’re working with a lot of clients right now to help them make smart decisions in this ever-changing space. Here’s what we’re focusing on, and how you can use these strategies to improve your financial position.
Lower Interest Rates = Lower Repayments
If your fixed term is expiring in 2025, chances are your new repayments will be significantly cheaper. For some, that’s saving hundreds of dollars a week—great news for the household budget.
But here’s the opportunity: keep your repayments at the same level they were when rates were higher.
Why? Because maintaining higher payments while rates drop means more of your money goes toward paying off your principal. In many cases, this can shave years off your loan term—we’ve seen people go from a 25-year mortgage down to 15 years, just by keeping their payments steady. That sets you up beautifully if you want to invest or upgrade down the track.
Borrowing Power Is Up
We’re seeing much better serviceability than we were 12 months ago. For many people, this means being able to borrow $50,000–$100,000 more than they could last year.
So whether you’re a first-home buyer, looking to upgrade, or wanting to step into property investment, this shift could open new doors. It’s a great time to get your borrowing position reassessed.
Now Might Be the Right Time to Invest
With more equity in your home and better borrowing capacity, lots of our clients are looking into investment properties.
If that’s something you’ve been thinking about, now’s the time to explore your options. A pre-approval can give you the confidence to negotiate, make offers, and act quickly when the right opportunity comes up.
Get Clear on Your Long-Term Goals
It’s easy to get caught up in the hype—but your financial plan should be about you.
The best rate, structure, and strategy for someone else might not be right for your situation. Whether it’s paying off your loan faster, building long-term wealth, or setting yourself up to invest—we’re here to help you design a plan that actually fits.
If your fixed term is coming up, or you just want to make the most of the lower rates, we’d love to help. Let’s make sure your structure, rate, and long-term plan are aligned—so you’re set up for success!