How much can you save by refinancing in 2025?
We estimate that the average person could save up to $6,984 a year by switching to a lower rate:- The average Australian home loan is now $641,416 (according to the ABS) - a record high!
- The average variable interest rate loan in Finder's database is 7.02%. The lowest available variable rate on the market is 5.69%.
- Assuming a 30-year loan term, if you switched to that lower rate your monthly repayments would drop from $4,276 to $3,719. That's a saving of $557 every month, or $6,684 a year.
Market update by Rebecca Pike – Finder's senior home loans writer
Easy answers, without any calls. We know fixing is a big deal, but checking you're options and rates shouldn't have to be. We speak to home owners every month, and have put over 50 hours in creating this guide.
Rates obsessed. We track big banks, small banks, credit unions and digital banks because whether you're fixing up for 1 year or 3, even 1 decimal place could save you big bucks (without getting annoying calls!).
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