Refinancing in 2026: When Switching Beats Staying

Most Sydney borrowers set their loan and forget it. Lenders count on exactly that, the sharpest pricing goes to new customers while existing loans quietly drift.

How to tell if you are paying the loyalty tax

Pull out your latest statement and compare your rate against what the market offers new borrowers today. On typical Sydney balances, even a small gap compounds into thousands a year. Our refinance savings calculator does this in ten seconds.

What switching actually costs

A discharge fee from the old lender, government registration fees, and possibly a break cost if you are on a fixed rate. Many refinances come out ahead within the first year, but not all, which is why the break-even matters more than the headline rate.

When staying is the right answer

Sometimes a phone call does the job: lenders often reprice an existing loan when asked properly. If your rate is already competitive, we say so, a free loan health check is exactly that, free, with no obligation to move.

Beyond the rate

Refinancing is also the moment to fix structure: consolidating expensive debt, setting up an offset that actually works, or releasing equity for a renovation or the next purchase, done carefully, without cross-collateralising everything you own.

Ten minutes with your statement is enough to know where you stand.

General information only, not credit, legal or tax advice. Your situation is assessed properly before any recommendation. Government scheme details change; figures are current at the time of writing.