Refinance Your Home Loan in New South Wales - Compare 2026 Rates

Q: How much could I save by refinancing my home loan in NSW?

NSW borrowers typically save more than the national average due to larger loan sizes. On the average NSW remaining loan balance of ~$620,000, dropping your rate by 0.50% saves approximately $200/month ($2,400/year). On an $800,000 Sydney loan, the same rate drop saves ~$267/month ($3,200/year). With NSW accounting for ~33% of all Australian refinances, thousands of borrowers are switching each month.

Q: Is now a good time to refinance in NSW?

Yes. The RBA has lifted the cash rate to 4.60% (up from 4.35%), bringing the cash rate to 4.60% as of the RBA's 29 Sept 2026 decision. Lenders are competing aggressively for NSW refinancers with lower rates and cashback offers. Many NSW borrowers who fixed at 2-3% in 2021-2022 have now rolled off to variable rates of 6%+, making refinancing to the best available rate critical. With variable rates currently lower than fixed, a variable loan is cheaper today but moves with each RBA decision.

Q: Can I refinance my Sydney apartment or unit?

Yes, apartments and units are eligible for refinancing. However, some lenders apply restrictions for certain property types: studio apartments under 40sqm may face higher LVR limits (typically max 70% LVR). High-rise apartments (above 15 floors) or properties in buildings with known defects (e.g., cladding issues) may require additional assessment. Most standard 2+ bedroom apartments refinance without issues.

Q: Does refinancing differ between Sydney and regional NSW?

The refinancing process is the same, but there are practical differences. Sydney metro properties often qualify for automated desktop valuations, speeding up approval. Regional NSW properties (Newcastle, Wollongong, Central Coast, Hunter Valley) typically require a physical valuation. Some lenders have postcode restrictions for regional areas with lower property values. However, regional NSW borrowers often have better LVR positions due to lower purchase prices.

Q: What fees do I pay when refinancing in NSW?

NSW-specific fees include the mortgage registration fee of $154 (NSW Land Registry Services) and a discharge fee of approximately $350 from your current lender. Additional costs include application fee ($0-$600, often waived), valuation ($200-$600), and legal/settlement ($200-$500). Total NSW switching costs typically range from $900-$2,100. Many online lenders offer fee-free refinancing to attract switchers in 2026.

Q: Do I pay stamp duty when refinancing in NSW?

No. Stamp duty in NSW only applies when you purchase a property or there is a change of ownership. Refinancing with a new lender does not trigger stamp duty because there is no transfer of property ownership. You will pay the NSW mortgage registration fee of $154 and a discharge fee, but these are significantly less than stamp duty, which on a $1 million property in NSW would be approximately $40,490.

Q: What is the NSW mortgage registration fee?

The NSW mortgage registration fee is $154, charged by NSW Land Registry Services (formerly Land and Property Information) to register the new mortgage on your property title. This fee is payable each time a new mortgage is registered, including when refinancing. It is a fixed fee regardless of your loan amount or property value. Your conveyancer or solicitor will typically handle this as part of the settlement process.

Q: Are break costs higher for NSW borrowers?

Break costs are not state-specific - they depend on the lender, the rate differential between your fixed rate and current wholesale rates, and the remaining fixed term. However, because NSW borrowers tend to have larger loan balances (average ~$620,000), the dollar amount of break costs can be proportionally higher. On an $800,000 loan with 18 months remaining on a fixed rate 1.5% below your locked rate, break costs could exceed $15,000. Always request a break cost estimate before proceeding.

Q: How much equity do I need to refinance in NSW?

Ideally 20% equity (80% LVR) to avoid Lenders Mortgage Insurance. With Sydney's median house price at approximately $1.2 million, 20% equity is $240,000. The good news: NSW property values have grown strongly, meaning many borrowers now have more equity than when they purchased. If your property has increased in value, your LVR may have dropped below 80%, qualifying you for better rates without LMI.

Q: When should I refinance after the fixed-rate cliff?

If your fixed rate has expired and you've rolled onto your lender's variable rate, refinance as soon as possible. Many NSW borrowers who fixed at 2-3% in 2021-2022 are now paying 6.5%+ on their lender's standard variable rate. On an $800,000 loan, that's potentially $2,000+ per month more than necessary. The best variable rates start from 5.93% (6.28% comparison rate), and switching typically takes 2-6 weeks.

NSW has the highest median property prices in Australia, meaning larger loan balances and a wider potential savings range when refinancing. Use the calculators below for indicative figures.

Rates updated 2 November 2026

Current loan balance

Current rate (%)

Remaining term

100% free. No impact on your credit score.

Compare home loan refinance rates New South Wales

NSW Refinancing at a Glance

~$3,200

Avg. Potential Annual Savings

on $800k loan

~$620,000

NSW Avg. Remaining Balance

above nat. avg.

0.50-0.70%

Rate Gap (Back vs Front-Book)

potential saving

$154

NSW Mortgage Reg. Fee

NSW Land Registry

Sydney has the highest median property prices in Australia, meaning NSW borrowers typically have larger loan balances and stand to save the most from even small rate reductions.

In 2020 the ACCC found home loans 3-5 years old paid around 0.58% more than new loans (ACCC Home Loan Price Inquiry, final report, December 2020). Actual savings depend on your loan size, your current rate, the rates available to you, and switching costs.

70+ lenders compared Updated daily Average NSW savings ~$3,200/year 100% free comparison

What Are the Best Refinance Rates in NSW Right Now?

As of November 2026, the lowest variable refinance rates available to NSW borrowers start from 5.93% p.a. (6.28% comparison rate*; broadly available products, lender eligibility criteria apply) for owner-occupiers with LVR below 80%. Monthly repayments below are based on an $800,000 loan (reflecting typical NSW loan sizes). Several lenders are also offering cashback deals of $2,000-$4,000.

Lender	Product	Rate	Comparison	Monthly	Cashback	Features
SCCU	EMONEY HOME LOAN	5.93%	6.28%	$4,760	-	Offset, Redraw
SCCU	BROKER HOME LOAN	5.93%	6.28%	$4,760	-	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Value Home Loan - Owner Occupied	5.94%	5.98%	$4,766	-	Redraw, Digital banking
The Mutual Bank	Budget Home Loan	6.04%	6.04%	$4,817	-	Digital banking, Redraw
Greater Bank	Discounted Great Rate Home Loan - Variable Owner Occupied	6.09%	6.10%	$4,843	-	Redraw, Digital banking
South West Slopes Credit Union	Intro Discounted Standard Variable Home Loan	6.10%	6.10%	$4,848	-	Digital banking, Redraw, Offset, NPP
South West Slopes Credit Union	Optimum 2 Year Fixed Rate Home Loan	6.10%	6.10%	$4,848	-	Digital banking, NPP, Redraw
South West Slopes Credit Union	Optimum 3 Year Fixed Rate Home Loan	6.10%	6.10%	$4,848	-	Digital banking, NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Home Loan Special Offer - Owner Occupied	6.14%	6.18%	$4,869	-	Digital banking, NPP, PayID, Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	REFI SPECIAL OWNER OCCUPIED	6.14%	6.24%	$4,869	-	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	2 FIXED RATE HOME LOAN	6.14%	6.14%	$4,869	-	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	1 YEAR FIXED RATE LOAN	6.14%	6.14%	$4,869	-	Offset, Redraw
Bendigo Bank	Bendigo Express Home Loan	6.14%	6.27%	$4,869	-	Redraw, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)	6.15%	6.20%	$4,874	-	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	GOVT LOW DEP VARIABLE OOC PI	6.17%	6.24%	$4,884	-	Redraw, Digital banking, PayID, NPP
Bank of China	Discount Home Loan (With Principal and Interest Repayment)	6.18%	6.38%	$4,889	-	Redraw, Digital banking
Bank of China	Discount Plus Home Loan (with Principal and Interest Repayment)	6.18%	6.56%	$4,889	-	Redraw, Offset, Digital banking
Bank of us	Flexidiscount Home Loan	6.19%	6.19%	$4,895	-	Redraw, Digital banking, NPP
FIRST OPTION BANK	SIMPLE HOME LOAN	6.19%	6.19%	$4,895	-	Digital banking, Redraw
Border Bank	Customs Value Home Loan	6.19%	6.26%	$4,895	-	Redraw, Offset
Up	Up Home Loan	6.20%	6.20%	$4,900	-	Digital banking, Offset, Redraw
Bank of us	TOPLINE HOME LOAN	6.24%	6.24%	$4,921	-	NPP, Redraw, Digital banking, Offset
UNITY BANK	Momentum Home Loan 60LVR - Owner Occupier - Variable - P&I SO	6.24%	6.29%	$4,921	-	Offset, Redraw, PayID, NPP, Digital banking
BankWAW	Back to Basics Owner Occupied	6.24%	6.29%	$4,921	-	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR < 60%	6.24%	6.30%	$4,921	-	Redraw, Offset
Bank First Production	Basic Home Loan Variable LVR<60%	6.24%	6.29%	$4,921	-	Redraw, PayID, Digital banking
FIRST OPTION BANK	COMPLETE PACKAGE HOME LOAN	6.24%	6.59%	$4,921	-	Redraw, Digital banking, Offset
Police Bank	Goldrate Home Loan	6.24%	6.31%	$4,921	-	Redraw, Offset
BankVic	Home Loan Special Variable Rate	6.24%	6.24%	$4,921	-	Redraw, Offset
Border Bank	Goldrate Home Loan	6.24%	6.31%	$4,921	-	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing	6.24%	6.58%	$4,921	-	Redraw, Offset, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing INV	6.24%	6.58%	$4,921	-	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (up to 60%LVR)	6.24%	6.25%	$4,921	-	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)	6.29%	6.66%	$4,947	-	Offset, Redraw, Digital banking
ING	Mortgage Simplifier	6.29%	6.32%	$4,947	-	Digital banking, PayID, NPP, Redraw
Bank First Production	Basic Home Loan Variable LVR 60-70%	6.29%	6.34%	$4,947	-	Redraw, PayID, Digital banking
A-Auswide Bank	BASIC HOME LOAN	6.29%	6.32%	$4,947	-	Redraw, NPP, PayID
Tiimely	Tiimely Basic Home Loan	6.29%	6.30%	$4,947	-	Redraw
Easystreet	STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Principal and Interest)	6.29%	6.34%	$4,947	-	Offset, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.29%	6.66%	$4,947	-	Redraw, Offset, Digital banking
NRMA Insurance	NRMA Basic Home Loan	6.33%	6.37%	$4,967	-	Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - Without Offset	6.34%	6.39%	$4,973	-	Redraw, PayID, NPP, Digital banking
UNITY BANK	Momentum Home Loan 60-80LVR - Owner Occupier - Variable - P&I SO	6.34%	6.39%	$4,973	-	Offset, Redraw, PayID, NPP, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR <60%	6.34%	6.72%	$4,973	-	Offset, PayID, Digital banking, Redraw
BankWAW	Home Equity Loan Owner Occupied	6.34%	6.37%	$4,973	-	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 60-70%	6.34%	6.40%	$4,973	-	Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR <60%	6.34%	6.39%	$4,973	-	Offset, PayID, Digital banking, Redraw
Bank First Production	Basic Home Loan Variable LVR 70-80%	6.34%	6.39%	$4,973	-	Redraw, PayID, Digital banking
CENTRAL WEST CREDIT UNION LTD	Premium Smart Home Loan	6.34%	6.40%	$4,973	-	Redraw, Offset, Digital banking
Credit Union SA	40 Year Home Loan Package	6.34%	6.71%	$4,973	-	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (60%-80% LVR)	6.34%	6.35%	$4,973	-	Digital banking, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.34%	6.71%	$4,973	-	Redraw, Offset, Digital banking
HUME BANK LIMITED	myBlue Variable O/Occ P+I (up to 60% LVR)	6.34%	6.34%	$4,973	-	Redraw, Digital banking, Offset
BankVic	Fixed Rate Home Loan - 5 years	6.35%	6.35%	$4,978	-
BankVic	Fixed Rate Home Loan - 4 years	6.35%	6.35%	$4,978	-
BankVic	Fixed Rate Home Loan - 3 years	6.35%	6.35%	$4,978	-
BankVic	Fixed Rate Home Loan - 1 year	6.35%	6.35%	$4,978	-
BankVic	Fixed Rate Home Loan - 2 years	6.35%	6.35%	$4,978	-
BankVic	Home Loan Variable Rate	6.35%	6.35%	$4,978	-	Redraw
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Basic Home Loans	6.35%	6.38%	$4,978	-	Digital banking, Redraw
Qudos Bank	Low Cost Value Package	6.38%	6.56%	$4,994	-	Offset, Redraw
Qudos Bank	No Frills Home Loan	6.38%	6.38%	$4,994	-	Digital banking, NPP, PayID, Redraw
Qantas Money	QANTAS Money Basic Home Loan	6.38%	6.45%	$4,994	-	Redraw
Bendigo Bank	Bendigo Easy Home Loan	6.38%	6.40%	$4,994	-	Redraw
CommBank	Digi Home Loan (Owner Occupied)	6.39%	6.41%	$4,999	-	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.77%	$4,999	-	Digital banking, PayID, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.44%	$4,999	-	PayID, Digital banking, Redraw, Offset
BankVic	Offset Variable Rate Home Loan	6.39%	6.39%	$4,999	-	Redraw, Offset
POLICE CREDIT UNION LIMITED	Low Rate Home Loan - Owner Occupied	6.39%	6.46%	$4,999	-	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Renovation Loan - Owner Occupied	6.39%	6.46%	$4,999	-	Digital banking, NPP, PayID, Redraw, Offset
ORANGE CREDIT UNION LTD	Basic Variable Rate Home Loan	6.39%	6.44%	$4,999	-	Redraw
Bendigo Bank	Single Parents (Bendigo Complete Home Loan)	6.43%	6.65%	$5,020	-	Offset, Redraw
Unloan Prod	Unloan Home Loan	6.44%	6.35%	$5,025	-	Digital banking, Redraw, NPP
Bank of Queensland	Economy Variable Home Loan	6.44%	6.58%	$5,025	-	Redraw, Digital banking
THE CAPRICORNIAN	Variable Rate Offset Home Loan	6.44%	6.44%	$5,025	-	Offset, PayID, Digital banking, NPP, Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - With Offset	6.44%	6.49%	$5,025	-	Redraw, Offset, PayID, Digital banking, NPP
UNITY BANK	Momentum Home Loan 80LVR - Owner Occupier - Variable - P&I SO	6.44%	6.49%	$5,025	-	Offset, Redraw, PayID, NPP, Digital banking
ING	Orange Advantage	6.44%	6.73%	$5,025	-	Digital banking, PayID, NPP, Redraw, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.82%	$5,025	-	PayID, Digital banking, Redraw, Offset
Greater Bank	Discounted Ultimate Packaged Home Loan - Variable Owner Occupied	6.44%	6.80%	$5,025	-	Offset, Digital banking, Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.49%	$5,025	-	Offset, PayID, Digital banking, Redraw
Bank of Sydney	BOS Basic Home Loan Owner Occupied	6.44%	6.48%	$5,025	-	Redraw, Digital banking
The Mutual Bank	Package Home Loan	6.44%	6.80%	$5,025	-	Offset, Redraw, Digital banking
NAB	NAB Tailored Home Loan	6.44%	6.57%	$5,025	-	Offset, Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (60.01 - 80.00% LVR)	6.44%	6.44%	$5,025	-	Redraw, Digital banking, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)	6.45%	6.50%	$5,030	-	Digital banking, Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 70-80%	6.49%	6.55%	$5,051	-	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	BASIC VARIABLE LOAN	6.49%	6.59%	$5,051	-	Redraw, Offset
Cairns Bank	CLASSIC HOME LOAN VARIABLE <60 LVR PI	6.49%	5.95%	$5,051	-	Redraw
Aussie Home Loans	Aussie Elevate Basic Home Loan	6.54%	6.56%	$5,078	-	Redraw
Connective Select Home Loans	Connective Select Basic Home Loan	6.54%	6.56%	$5,078	-	Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 12 mths P&I Owner Occupied	6.54%	6.54%	$5,078	-	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 24 mths P&I Owner Occupied	6.54%	6.54%	$5,078	-	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 36 mths P&I Owner Occupied	6.54%	6.54%	$5,078	-	Offset, Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 60-80 LVR PI	6.54%	6.00%	$5,078	-	Redraw
AFG Home Loans Alpha	AFG Alpha Basic Home Loan	6.54%	6.56%	$5,078	-	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (80%-90% LVR)	6.54%	6.55%	$5,078	-	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)	6.59%	6.96%	$5,104	-	Offset, Redraw, Digital banking
Unknown lender	Standard Variable Plus	6.59%	6.75%	$5,104	-	Redraw, Offset
Cairns Bank	PLUS HOME LOAN VARIABLE <60 LVR	6.59%	6.27%	$5,104	-	Redraw, Offset
LCU	Intelligent Mortgage 1 Year Fixed	6.60%	6.61%	$5,109	-	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage 2 Years Fixed	6.60%	6.63%	$5,109	-	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage Variable	6.60%	6.62%	$5,109	-	Redraw, Offset, Digital banking, NPP, PayID
THE CAPRICORNIAN	No Frills Owner Occupied Home Loan	6.64%	6.69%	$5,130	-	PayID, NPP, Digital banking, Redraw
Bank of Sydney	Expect More Home Loan Owner Occupied	6.64%	6.79%	$5,130	-	Digital banking, Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Variable	6.64%	6.69%	$5,130	-	Offset, Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE 60-80 LVR PI	6.64%	6.32%	$5,130	-	Redraw, Offset
Bank Australia	Basic Home Loan	6.64%	6.64%	$5,130	-	Digital banking, Redraw
Bank Australia	Offset Home Loan	6.64%	6.82%	$5,130	-	Digital banking, Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (80.01-90.00% LVR)	6.64%	6.64%	$5,130	-	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.85%	$5,157	-	PayID, Digital banking, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.51%	$5,157	-	Offset, PayID, Digital banking, Redraw
NAB	NAB Base Variable Rate Home Loan	6.69%	6.69%	$5,157	-	Redraw, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan Variable PI Owner Occupied	6.69%	7.03%	$5,157	-	Redraw, Offset, Digital banking
RACQ Bank	Fair Dinkum Home Loan	6.69%	6.69%	$5,157	-	Digital banking, NPP
Liberty Financial	Low rate home loan	6.74%	6.82%	$5,183	-	Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	STANDARD VARIABLE LOAN	6.74%	6.84%	$5,183	-	Redraw, Offset
Defence Bank Limited	Premier Low Rate	6.74%	6.74%	$5,183	-	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 80-90 LVR PI	6.74%	6.20%	$5,183	-	Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O(up to 60% LVR)	6.74%	6.48%	$5,183	-	Digital banking, Redraw
Community First Credit Union	Community Advantage Variable Owner Occupied (Principal and Interest)	6.79%	6.84%	$5,210	-	Redraw
Qudos Bank	Construction Home Loan	6.79%	6.65%	$5,210	-
RACQ Bank	Mortgage Saver Home Loan	6.79%	6.83%	$5,210	-	Digital banking, NPP, Redraw
Bank of Queensland	Clear Path Variable Home Loan	6.84%	6.96%	$5,237	-	Offset, Redraw
Liberty Financial	Debt consolidation home loan	6.84%	7.11%	$5,237	-	Offset, Redraw
Liberty Financial	Flexible home loan	6.84%	7.11%	$5,237	-	Offset, Redraw
Bank First Production	Basic Home Loan Variable LVR 80-90%	6.84%	6.89%	$5,237	-	Redraw, PayID, Digital banking
Defence Bank Limited	Premier Home Loan	6.84%	6.84%	$5,237	-	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Construction (INV)	6.84%	6.93%	$5,237	-	Offset, Digital banking, Redraw
AMP - My AMP	Equity Flex	6.84%	7.15%	$5,237	-	Redraw, Offset, Digital wallet, Digital banking
Cairns Bank	PLUS HOME LOAN VARIABLE 80-90 LVR PI	6.84%	6.51%	$5,237	-	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (60%-80% LVR)	6.84%	6.58%	$5,237	-	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (up to 60% LVR)	6.84%	6.56%	$5,237	-	Redraw, Digital banking, Offset
HORIZON BANK	Home Sweet Home Loan	6.89%	7.12%	$5,263	-	Redraw, Digital banking, NPP, Offset
IMB Bank	Essentials Home Loan	6.89%	7.00%	$5,263	-	Offset, Digital banking, Redraw
IMB Bank	Budget Home Loan	6.89%	6.95%	$5,263	-	Digital banking, Redraw
AMB Bank Product	DHOAS Construction Loan	6.89%	6.92%	$5,263	-
AMB Bank Product	DHOAS Rate Saver Home Loan	6.89%	6.92%	$5,263	-	Redraw
RACQ Bank	Mortgage Breaker Owner Occupied	6.89%	6.93%	$5,263	-	NPP, Digital banking, Offset, Redraw
Bank of us	TOPLINE RES. INV. LOAN	6.94%	7.01%	$5,290	-	NPP, Redraw, Digital banking, Offset
THE CAPRICORNIAN	Lifestyle Home Loan	6.94%	6.99%	$5,290	-	Offset, PayID, NPP, Digital banking, Redraw
St. George Bank	Basic Variable Home Loan	6.94%	6.95%	$5,290	-	Redraw, Digital banking
Bank of Melbourne	Basic Variable Home Loan	6.94%	6.95%	$5,290	-	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >80% <90%	6.94%	6.99%	$5,290	-	Offset, PayID, Digital banking, Redraw
BankSA	Basic Variable Home Loan	6.94%	6.95%	$5,290	-	Redraw, Digital banking
POLICE CREDIT UNION LIMITED	Better Home Loan 80% LVR - Owner Occupied	6.94%	7.01%	$5,290	-	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Better Home Loan 90% LVR - Owner Occupied	6.94%	7.01%	$5,290	-	Digital banking, NPP, PayID, Redraw, Offset
QBANK	Classic Home Loan	6.94%	6.96%	$5,290	-	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE >90 LVR PI	6.94%	6.40%	$5,290	-	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (90%-95% LVR)	6.94%	6.95%	$5,290	-	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (60.01 - 80.00% LVR)	6.94%	6.66%	$5,290	-	Redraw, Digital banking, Offset
Newcastle Permanent	Real Deal Home Loan Principal and Interest	6.99%	7.03%	$5,317	-	Redraw, Digital banking
MACARTHUR CREDIT UNION LTD	LOW LVR OOC P&I	6.99%	7.06%	$5,317	-	Redraw
AMB Bank Product	Construction Loan	6.99%	7.02%	$5,317	-
AMB Bank Product	RateSaver Home Loan	6.99%	7.02%	$5,317	-	Redraw
CENTRAL WEST CREDIT UNION LTD	Minimiser Home Loan	7.04%	7.10%	$5,344	-	Redraw, Digital banking
Defence Bank Limited	Ultimate Essentials I/O Con	7.04%	7.13%	$5,344	-	Offset, Digital banking
QBANK	Classic Plus Home Loan	7.04%	7.31%	$5,344	-	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Variable	7.04%	7.13%	$5,344	-	Digital banking, Offset, Redraw
AMB Bank Product	DHOAS Value Home Loan	7.04%	7.07%	$5,344	-	Offset, Redraw
AMB Bank Product	DHOAS Standard Variable Home Loan	7.04%	7.07%	$5,344	-	Redraw, Offset
AMP - My AMP	AMP Essential Home Loan	7.04%	7.07%	$5,344	-	Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE >90 PI	7.04%	6.71%	$5,344	-	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (80%-90% LVR)	7.04%	6.78%	$5,344	-	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (90.01 -95.00% LVR)	7.04%	7.04%	$5,344	-	Redraw, Digital banking, Offset
Westpac	Flexi First: Our lowest online variable home loan rate (Owner Occupied)	7.09%	7.10%	$5,371	-	Redraw, Digital banking
Bank of us	FLEXICHOICE HOME LOAN	7.11%	7.32%	$5,382	-	NPP, Redraw, Digital banking, Offset
NRMA Insurance	NRMA Offset Home Loan	7.13%	7.33%	$5,392	-	Offset, Redraw
Bendigo Bank	Bendigo Complete Home Loan	7.13%	7.35%	$5,392	-	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan	7.13%	7.30%	$5,392	-	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan (Retail)	7.13%	7.33%	$5,392	-	Offset, Redraw
Defence Bank Limited	Ultimate Essentials I/O	7.14%	7.23%	$5,398	-	Offset, Digital banking
Tiimely	Tiimely Offset Home Loan	7.14%	7.30%	$5,398	-	Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (80.01-90.00% LVR)	7.14%	6.86%	$5,398	-	Redraw, Digital banking, Offset
CENTRAL WEST CREDIT UNION LTD	Smart Home Loan	7.15%	7.21%	$5,403	-	Redraw, Offset, Digital banking
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 2 year	7.15%	7.15%	$5,403	-	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 1 year	7.15%	7.15%	$5,403	-	Digital banking, Redraw
Health Professionals Bank	Your Way Plus Home Loan	7.19%	7.48%	$5,425	-	Redraw, Digital banking, Offset
Health Professionals Bank	Your Way Home Loan	7.19%	7.26%	$5,425	-	Redraw, Digital banking
Regional Australia Bank	Regional Australia Bank Home Loan (Non Offset)	7.19%	7.22%	$5,425	-	Redraw
UniBank	Your Way Plus Home Loan	7.19%	7.48%	$5,425	-	Redraw, Digital banking, Offset
UniBank	Your Way Home Loan	7.19%	7.26%	$5,425	-	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR 80-90%	7.19%	7.02%	$5,425	-	Offset, PayID, Digital banking, Redraw
AMB Bank Product	Standard Variable Home Loan	7.19%	7.23%	$5,425	-	Redraw, Offset
AMB Bank Product	Value Home Loan	7.19%	7.23%	$5,425	-	Offset, Redraw
BankWAW	Flexible Choice Owner Occupied	7.24%	7.29%	$5,452	-	Redraw, Offset
Liberty Financial	Low doc home loan	7.24%	7.51%	$5,452	-	Redraw, Offset
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest	7.24%	7.30%	$5,452	-	Offset, Redraw
AMP - My AMP	AMP Superedge Loan	7.24%	7.61%	$5,452	-	Offset, Digital wallet, Digital banking
Credit Union SA	Variable Home Loan Package Principal and Interest	7.24%	7.59%	$5,452	-	Redraw, Offset, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >80% <90%	7.28%	7.65%	$5,474	-	PayID, Redraw, Digital banking, Offset
Qantas Money	QANTAS Money Offset Home Loan	7.28%	7.50%	$5,474	-	Offset, Redraw
MACARTHUR CREDIT UNION LTD	LOW LVR INV P&I HOME LOAN	7.29%	7.36%	$5,479	-	Redraw
Bank First Production	Basic Home Loan Variable LVR>90%	7.29%	7.34%	$5,479	-	Redraw, PayID, Digital banking
Credit Union SA	Discounted Variable Rate Home Loan Principal and Interest	7.29%	7.32%	$5,479	-	Redraw, Digital banking
ANZ	ANZ Simplicity PLUS	7.34%	7.34%	$5,506	-	Digital banking, Redraw
Macquarie	Macquarie Offset Home Loan	7.34%	7.58%	$5,506	-	Offset, Digital banking, Redraw
Macquarie	Macquarie Basic Home Loan	7.34%	7.37%	$5,506	-	Redraw, Digital banking
Newcastle Permanent	Premium Plus Package Variable Home Loan Principal and Interest	7.35%	7.67%	$5,512	-	Digital banking, Offset, Redraw
Aussie Home Loans	Aussie Elevate Offset Home Loan	7.39%	7.56%	$5,534	-	Offset, Redraw
ME Bank	ME Bank CompleteME Home Loan	7.39%	7.75%	$5,534	-	Offset, Digital banking, Redraw
Liberty Financial	Fresh start home loan	7.39%	7.73%	$5,534	-	Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >90%	7.39%	7.44%	$5,534	-	Digital banking, Redraw, PayID, Offset
Connective Select Home Loans	Connective Select Offset Home Loan	7.39%	7.56%	$5,534	-	Offset, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc Jumbo (BNK)	7.39%	7.46%	$5,534	-	Offset, Digital banking, Redraw
AFG Home Loans Alpha	AFG Alpha Offset Home Loan	7.39%	7.56%	$5,534	-	Offset, Redraw
Regional Australia Bank	Regional Australia Bank Home Loan (Offset)	7.40%	7.43%	$5,539	-	Offset, Redraw
UniBank	Your Way Home Loan	7.44%	7.36%	$5,561	-	Redraw, Digital banking
THE CAPRICORNIAN	Premium Choice Home Loan	7.45%	7.50%	$5,566	-	PayID, NPP, Digital banking, Offset, Redraw
ANZ	ANZ Standard Variable home loan	7.49%	7.49%	$5,588	-	Digital banking, Redraw, Offset
Credit Union SA	Standard Variable Rate Home Loan Principal and Interest	7.49%	7.54%	$5,588	-	Offset, Redraw
AMP - My AMP	Professional Package	7.52%	7.92%	$5,605	-	Redraw, Offset, Digital wallet, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR 80-90%	7.53%	7.68%	$5,610	-	Offset, PayID, Digital banking, Redraw
My State PM Production	Basic Variable Loan	7.54%	7.57%	$5,616	-	Redraw, Digital banking
My State PM Production	Special Residential Variable Loan	7.54%	7.59%	$5,616	-	Digital banking, Offset, Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O (90%-95% LVR)	7.54%	7.23%	$5,616	-	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Mortgage Equity Loan	7.60%	9.02%	$5,649	-	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR>90%	7.64%	7.47%	$5,671	-	PayID, Digital banking, Redraw, Offset
HUME BANK LIMITED	myBlue Variable O/Occ I/O (90.01 -95.00% LVR)	7.64%	7.31%	$5,671	-	Redraw, Digital banking, Offset
NORTHERN INLAND CREDIT UNION LTD.	Smart Home Loan Variable	7.69%	7.86%	$5,698	-	Redraw, Offset, Digital banking
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interst - Principal and Interest - LVR > 80%	7.74%	7.81%	$5,726	-	Offset, Redraw
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 80% LVR - Owner Occupied	7.74%	7.81%	$5,726	-	Offset, Redraw, NPP
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 90% LVR - Owner Occupied	7.74%	7.81%	$5,726	-	NPP, Offset, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	HOME EQUITY LOAN	7.74%	7.85%	$5,726	-	Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >90%	7.78%	8.15%	$5,748	-	Redraw, Offset, PayID, Digital banking
Bank of Queensland	BOQ Essential Home Loan	7.82%	7.84%	$5,770	-	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K	7.87%	7.94%	$5,798	-	Redraw, Digital banking, PayID, NPP
Greater Bank	Ultimate Packaged Home Loan - Variable Owner Occupied	7.91%	8.26%	$5,820	-	Digital banking, Redraw, Offset
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K	7.97%	8.04%	$5,853	-	Redraw, Digital banking, PayID, NPP
CommBank	Standard Variable Rate Home Loan (Owner Occupied)	7.99%	8.35%	$5,865	-	Redraw, Offset, Digital banking
CommBank	Simple Home Loan (Owner Occupied)	7.99%	8.13%	$5,865	-	Redraw, Offset, Digital banking
Virgin Money Australia	Virgin Money Lite Home Loan	8.02%	8.04%	$5,881	-	Digital banking, Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR>90%	8.03%	8.17%	$5,887	-	PayID, Redraw, Offset, Digital banking
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K	8.07%	8.14%	$5,909	-	Redraw, Digital banking, PayID, NPP
THE CAPRICORNIAN	Access Equity Home Loan	8.09%	8.14%	$5,920	-	PayID, NPP, Digital banking, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc (BNK)	8.09%	8.17%	$5,920	-	Offset, Digital banking, Redraw
Greater Bank	Great Rate Home Loan - Variable Owner Occupied	8.11%	8.12%	$5,932	-	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I	8.17%	8.24%	$5,965	-	Redraw, Digital banking, PayID, NPP
MACARTHUR CREDIT UNION LTD	MORTGAGE OFFSET OWNER OCCUPIED P&I	8.17%	8.24%	$5,965	-	Redraw, Digital banking, NPP, PayID, Offset
AMP - My AMP	Land Loan	8.20%	8.26%	$5,982	-	Redraw, Digital banking
BOQ Specialist	Basic Home Loan	8.27%	8.45%	$6,021	-	Redraw
HORIZON BANK	HANDYLOAN	8.39%	8.39%	$6,089	-	Digital banking, PayID, NPP, Digital wallet
Virgin Money Australia	Virgin Money Loaded Home Loan	8.41%	8.68%	$6,100	-	Offset, Digital banking, Redraw
Bank of Queensland	BOQ Plus Home Loan	8.49%	8.76%	$6,146	-	Digital banking, Redraw
My State PM Production	Standard Variable Loan	8.62%	8.68%	$6,219	-	Digital banking, Offset, Redraw
Bank of China	Standard Variable Rate Home Loan	8.64%	8.71%	$6,231	-	Redraw, Digital banking
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Special Home Loans	8.64%	8.67%	$6,231	-	Offset, Redraw, Digital banking
The Mutual Bank	Express Credit Facility	8.89%	8.89%	$6,374	-	PayID, NPP, Digital banking, Digital wallet
ANZ Plus	ANZ Plus Home Loan Variable	8.89%	8.89%	$6,374	-	Redraw, Offset, Digital banking
Judo Bank	Home Loan	8.90%	8.92%	$6,380	-	Redraw
Westpac	Premium Options Home Loan	9.08%	9.08%	$6,483	-	Redraw
Liberty Financial	Low deposit home loan	9.14%	9.89%	$6,518	-	Offset, Redraw
IMB Bank	Standard Variable Home Loan	9.21%	9.28%	$6,558	-	Offset, Digital banking, Redraw
THE CAPRICORNIAN	Mortgage Plus Home Loan	9.23%	9.23%	$6,570	-	Digital banking, Digital wallet, PayID, NPP
Bank of Melbourne	Variable Home Loan with Offset	9.34%	9.48%	$6,634	-	Offset, Redraw, Digital banking
BankSA	Variable Home Loan with Offset	9.35%	9.49%	$6,639	-	Offset, Redraw, Digital banking
St. George Bank	Variable Home Loan with Offset	9.36%	9.50%	$6,645	-	Offset, Redraw, Digital banking
Westpac	Rocket Loan: Variable Home Loan with Offset (Owner Occupied)	9.38%	9.52%	$6,657	-	Redraw, Offset, Digital banking
UNITY BANK	Retirees Access Home Loan	9.50%	9.60%	$6,727	-	Redraw, PayID, NPP, Digital banking
Arab Bank Australia Ltd Prod	The Basics Home Loan	9.54%	9.67%	$6,750	-	Redraw, Digital banking
Arab Bank Australia Ltd Prod	Basics Home Loan Special Offer	9.54%	9.67%	$6,750	-	Digital banking, Redraw
Bank of Melbourne	Relocation Loan without end	9.63%	9.45%	$6,803	-
Bank of Melbourne	Relocation Loan with end	9.63%	9.45%	$6,803	-
Arab Bank Australia Ltd Prod	Essentials Home Loan Special Offer	9.64%	9.69%	$6,809	-	Digital banking, Redraw, Offset
Arab Bank Australia Ltd Prod	Essentials Home Loan	9.64%	9.69%	$6,809	-	Redraw, Digital banking, Offset
BankSA	Relocation Loan with end	9.64%	9.46%	$6,809	-
BankSA	Relocation Loan without end	9.64%	9.46%	$6,809	-
St. George Bank	Relocation Loan without end	9.65%	9.47%	$6,815	-
St. George Bank	Relocation Loan with end	9.65%	9.47%	$6,815	-
BOQ Specialist	Plus Home Loan	9.69%	9.69%	$6,838	-
BOQ Specialist	Home Loan Banking Package	9.87%	10.33%	$6,944	-
A-Auswide Bank	HOME LOAN PLUS	10.01%	10.17%	$7,026	-	Offset, Redraw, NPP, PayID
NAB	NAB FlexiPlus Mortgage	10.36%	10.36%	$7,234	-	Digital banking
Bank of Sydney	Home Equity Maximiser Owner Occupied	11.90%	11.90%	$8,167	-	Digital banking

Rates are indicative and based on an owner-occupier loan of $800,000 at 80% LVR, principal and interest, 30-year term. Broadly available products only - loans restricted to particular professions, first home buyers or government schemes are excluded; each lender's eligibility criteria still apply and the lowest rate may not be available to you. Comparison rates calculated on $150,000 over 25 years. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display, excluding products restricted to particular professions, first home buyers or government schemes. Each lender's eligibility criteria still apply and the lowest rate may not be available to you. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

NSW refinance savings: On NSW’s ~$800,000 median refinance loan with 25 years remaining, cutting your rate by 0.60% saves about $290/month - around $87,000 across the remaining loan term.

0 lenders included

Live CDR rates

Refinance and save up to $1,358/year*

Compare your current rate against the lowest variable refinance rate on our live Consumer Data Right feed - 5.93% p.a. across 70+ Australian lenders.

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*Illustrative only. Based on a $650,000 loan over 30 years moving from 6.20% (RBA average rate on outstanding owner-occupier variable loans, August 2026) to 5.93%, the lowest broadly available variable rate on our CDR feed. Lender eligibility criteria apply and it may not be available to you. Annual difference in principal and interest repayments (paid monthly), before fees and switching costs - not a projection over the loan term. Actual savings depend on your loan details and lender assessment. Switching costs (discharge fees, application fees, valuation) typically total $300 to $1,000.

New South Wales Refinance Calculators

Compare cashback offers and estimate your New South Wales-specific switching costs before you apply.

Cashback vs. Lower Rate

Which saves more on a typical New South Wales refinance - a lower rate or a higher rate with cashback?

Loan amount

Option A: Lower rate (%)

Option B: Higher rate + cashback (%)

Cashback amount

Your New South Wales Switching Cost

Add up the real New South Wales fees and see how quickly a New South Wales refinance pays for itself.

Loan balance

Expected rate saving (%)

Currently on a fixed rate (add ~$3,000 break cost) LVR above 80% and LMI not transferable (add ~$8,000)

Compare Refinance Rates from Leading Lenders

We compare refinance rates from Australia's biggest banks, credit unions, and online lenders.

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The find.deals™ difference

Refinance your NSW home loan and save.

Lenders compete hardest for refinancers. Compare 70+ Australian lenders side by side - run the calculators for indicative savings on a NSW mortgage.

Which Lenders Offer Cashback for Refinancing in NSW?

Cashback offers are tempting but not always the best deal. A $4,000 cashback on a loan priced 0.25% higher costs more than a $0 cashback at the lower rate beyond 3.2 years on a $500,000 loan. On NSW's larger loan sizes (~$800,000), the lower rate wins even faster. Always compare the total cost of the loan.

Lender	Cashback	Min. Loan	Max LVR	Conditions	Expiry

Cashback offers stack the deal in NSW: Several lenders pay $2,000-$4,000 cashback on eligible NSW refinances over $250k. That typically covers your discharge fee from the existing lender, valuation and government registration in full - plus often leaves $1,500+ in your pocket on top of the rate savings.

Cashback offers current as of September 2026. Subject to change. Always confirm directly with the lender before applying.

What Does It Cost to Refinance in NSW?

NSW-specific switching costs include the $154 mortgage registration fee (NSW Land Registry Services) and a discharge fee of approximately $350. Total switching costs for most NSW refinancers range from $900-$2,100. Importantly, no stamp duty is payable when refinancing - stamp duty only applies on property purchases.

Fee	Amount	Notes
NSW mortgage registration fee	$154	NSW Land Registry Services fee for registering new mortgage
NSW discharge fee	~$350	Charged by your existing lender to release the mortgage from the NSW title
Application fee (new lender)	$0-$600	Many online lenders waive this for refinancers
Valuation fee	$200-$600	Property valuation required; some waive for low LVR in metro Sydney
Legal / conveyancing	$200-$500	NSW solicitor or conveyancer to handle settlement
Break costs (fixed loans only)	Varies	Can be $0-$20,000+ depending on rate differential and remaining term
LMI (if LVR increases)	$0-$15,000+	Only if new LVR exceeds 80% and original LMI is not transferable

NSW mortgage registration fee $154

NSW Land Registry Services fee for registering new mortgage

NSW discharge fee ~$350

Charged by your existing lender to release the mortgage from the NSW title

Application fee (new lender) $0-$600

Many online lenders waive this for refinancers

Valuation fee $200-$600

Property valuation required; some waive for low LVR in metro Sydney

Legal / conveyancing $200-$500

NSW solicitor or conveyancer to handle settlement

Break costs (fixed loans only) Varies

Can be $0-$20,000+ depending on rate differential and remaining term

LMI (if LVR increases) $0-$15,000+

Only if new LVR exceeds 80% and original LMI is not transferable

Fees current as of September 2026. Source: NSW Land Registry Services, lender fee schedules.

NSW break-even: With NSW’s $154 NSW Land Registry Services mortgage registration fee and typical $900-$2,100 total switching costs, a 0.5% rate cut on an $800K refinance usually breaks even in under 5 months - the rest is pure savings.

When Does Refinancing Pay Off in NSW?

Plug in your current rate, target rate, loan balance and NSW switching costs - we’ll show you how many months until savings cover the switch.

How quickly do your interest savings cover switching costs?

Current rate (%)

New rate (%)

Loan balance

Estimated switching costs

Why Refinance in New South Wales?

Highest median property prices

Sydney's median house price of ~$1.2 million is the highest in Australia. Higher property values mean larger loans, and larger loans mean bigger dollar savings from even small rate reductions. A 0.50% rate drop on $800,000 saves $267/month vs $167/month on a $500,000 loan.

Post-fixed-rate cliff

Hundreds of thousands of NSW borrowers who fixed at 2-3% in 2021-2022 have now rolled off to variable rates of 6%+. If you're one of them, you could be paying $2,000+ per month more than necessary. Refinancing to the best available rate is critical to reducing your repayments.

Property value growth improving LVR

NSW property values have grown strongly, meaning many borrowers now have significantly more equity than when they purchased. A lower LVR (below 80%) qualifies you for better rates and eliminates LMI requirements. Your improved equity position is a refinancing advantage.

Large loans = bigger dollar savings

The average NSW remaining loan balance (~$620,000) is well above the national average (~$518,000). This means NSW borrowers stand to save proportionally more from rate reductions. Even a 0.25% rate improvement on $620,000 saves ~$100/month ($1,200/year) in interest.

How to Refinance in NSW: Step-by-Step

The typical refinancing process takes 2-6 weeks from application to settlement.

Review your current loan

Day 1

Check your interest rate, remaining balance, loan features, and any exit fees. Log in to your lender portal or call them to confirm your current comparison rate and any fixed-rate expiry dates. NSW borrowers should also check their mortgage status via NSW Land Registry Services.

Calculate your potential savings

Day 1-2

Use the break-even calculator above to compare your current rate against the best available rates. For NSW, factor in the $154 mortgage registration fee and ~$350 discharge fee. With average NSW loan balances of $620,000, even small rate drops create significant savings.

Compare refinance options

Day 2-5

Compare rates, features, cashback offers, and fees from multiple lenders. All major banks and digital lenders operate across NSW, from Sydney CBD to regional areas like Newcastle, Wollongong, and the Central Coast.

Apply with your chosen lender

Week 1-2

Submit your application with required documents: 2 recent payslips, 3 months bank statements, current loan statement, and ID. Many digital lenders offer pre-approval within 24 hours for NSW properties.

Valuation and approval

Week 2-4

Your new lender arranges a property valuation. Sydney metro properties may qualify for automated desktop valuations, speeding up the process. Regional NSW properties typically require a physical inspection. Processing times vary by lender.

Settlement

Week 4-6

Your new lender pays out your old loan and registers the new mortgage with NSW Land Registry Services ($154 registration fee). Your old lender processes the discharge. You begin repayments on the new loan from the settlement date.

~33%

of all Australian refinances are in NSW

Source: ABS Lending Indicators

~$3,200

Average annual savings for NSW refinancers

Based on $800k loan, 0.50% rate reduction

2-6 weeks

Typical NSW refinancing timeline

Source: Major lender averages

Refinance Rates by State

Compare refinancing options in other states and territories.

Victoria

VIC

Queensland

QLD

Western Australia

South Australia

Tasmania

TAS

ACT

Northern Territory

All Australia

National

Related Guides & Tools

National Refinance Comparison

Compare refinance rates from 70+ lenders Australia-wide.

NSW Home Loans

Compare home loan rates for New South Wales buyers.

Complete Refinance Guide

Everything you need to know about refinancing your home loan.

First Home Buyers NSW

Grants and stamp duty concessions for first home buyers in New South Wales.

Green Home Loans NSW

Discounted rates for energy-efficient homes in New South Wales.

Personal Loans

Compare personal loan rates from leading lenders.

Frequently Asked Questions

Everything you need to know about refinancing your home loan in New South Wales.

Refinancing in NSW

How much could I save by refinancing my home loan in NSW?

Is now a good time to refinance in NSW?

Can I refinance my Sydney apartment or unit?

Does refinancing differ between Sydney and regional NSW?

Costs & Fees in NSW

What fees do I pay when refinancing in NSW?

Do I pay stamp duty when refinancing in NSW?

What is the NSW mortgage registration fee?

Are break costs higher for NSW borrowers?

Eligibility & Timing

How much equity do I need to refinance in NSW?

When should I refinance after the fixed-rate cliff?

Can I refinance if I bought with the NSW First Home Buyer scheme?

How long does refinancing take in NSW?

Last updated: 11 September 2026. Information is general in nature and not financial advice. Consider seeking independent financial advice for your situation.

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