Refinance Your Home Loan in South Australia - Compare 2026 Rates

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

South Australian borrowers can save significantly by refinancing to a lower rate. On the average SA remaining loan balance of ~$430,000, dropping your rate by 0.50% saves approximately $143/month ($1,716/year). On a $480,000 Adelaide loan, the same rate drop saves ~$160/month ($1,920/year). Adelaide was once Australia's most affordable capital city but has experienced rapid appreciation since 2020, meaning many SA borrowers now have substantially more equity - and can access better rates.

Q: Is now a good time to refinance in South Australia?

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. Adelaide's property market has experienced exceptional growth, with median house prices rising significantly since 2020. This means many SA borrowers now have substantially more equity than when they purchased, qualifying them for lower rates. Lenders are competing aggressively for refinancers with rates from 5.93% (6.28% comparison rate) and cashback offers up to $4,000. Additionally, lenders are reassessing SA postcode restrictions favourably given the sustained growth.

Q: Does refinancing differ between Adelaide and regional SA?

The refinancing process is the same, but there are practical differences. Adelaide metro properties typically qualify for automated desktop valuations, speeding up approval. Regional SA properties - including the Barossa Valley, Adelaide Hills, McLaren Vale, Mount Gambier, and Murray Bridge - generally receive favourable valuations given strong recent growth across all SA regions. Some lenders previously applied postcode restrictions to regional SA areas, but many are reassessing these given sustained price appreciation across the state.

Q: How has Adelaide's property growth affected refinancing options?

Adelaide's rapid property appreciation since 2020 has been transformative for SA borrowers. Properties that were previously near 90% LVR may now be at 70-75% LVR simply from capital growth, qualifying owners for significantly better rates and eliminating LMI requirements. Adelaide's median house price has increased by over 50% since 2020, outperforming most other capital cities. This equity boost means more SA borrowers than ever can access the best available refinance rates. Lenders are also more willing to approve SA refinances quickly given the strong market fundamentals.

Q: What fees do I pay when refinancing in South Australia?

SA-specific fees include the mortgage registration fee of $187 (Land Services SA) 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/conveyancing ($200-$500). Total SA 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 SA?

No. Stamp duty in South Australia 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 SA mortgage registration fee of $187 and a discharge fee, but these are significantly less than stamp duty. Note: SA offers no stamp duty on new homes up to $650,000 for eligible first home buyers - but this only applies to purchases, not refinancing.

Q: What is the Land Services SA mortgage registration fee?

The South Australia mortgage registration fee is $187, charged by Land Services SA (the state's land titles authority) 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 solicitor or conveyancer will typically handle this as part of the settlement process. SA uses PEXA (Property Exchange Australia) for electronic settlements.

Q: Are break costs different for SA 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. SA borrowers with typical loan balances (~$430,000) will generally face lower dollar-amount break costs than NSW ($620,000 average) or VIC ($530,000 average) borrowers. On a $480,000 loan with 18 months remaining on a fixed rate 1.5% below your locked rate, break costs could be around $9,000. Always request a break cost estimate from your current lender before proceeding.

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

Ideally 20% equity (80% LVR) to avoid Lenders Mortgage Insurance. With Adelaide's median house price at approximately $780,000, 20% equity is $156,000. The excellent news: Adelaide property values have grown exceptionally since 2020, with some of the strongest capital growth in Australia. Many SA borrowers who purchased before 2020 when Adelaide was Australia's most affordable capital now have significantly improved equity positions, often qualifying for the best available rates without LMI.

Q: Are lenders reassessing SA postcode restrictions?

Yes. Historically, some lenders applied conservative lending criteria to certain SA postcodes, particularly regional areas. However, Adelaide's sustained property price growth and SA's strong economic fundamentals have led many lenders to reassess these restrictions. Several major lenders have expanded their acceptable postcode lists for SA in 2026, and digital lenders like Unloan and Athena generally have fewer postcode restrictions. If you were previously declined for a regional SA property, it's worth reapplying as lending criteria have become more favourable.

Adelaide's rapid property appreciation means many SA borrowers now have significantly more equity - and can access better refinance rates. See how much you could save by switching from your current home loan rate.

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 South Australia

SA Refinancing at a Glance

~$1,920

Avg. Potential Annual Savings

on $480k loan

~$430,000

SA Avg. Remaining Balance

below nat. avg.

0.50-0.70%

Rate Gap (Back vs Front-Book)

potential saving

$187

SA Mortgage Reg. Fee

Land Services SA

Adelaide was previously Australia's most affordable capital city but has experienced rapid appreciation since 2020, with some of the strongest capital growth in the country. Many SA borrowers who purchased before 2020 now have significantly improved equity positions for better refinance rates. Lenders are reassessing SA postcode restrictions favourably.

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 SA savings ~$1,920/year 100% free comparison

What Are the Best Refinance Rates in South Australia Right Now?

As of November 2026, the lowest variable refinance rates available to SA 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 a $480,000 loan (reflecting typical SA 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%	$2,856	-	Offset, Redraw
SCCU	BROKER HOME LOAN	5.93%	6.28%	$2,856	-	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Value Home Loan - Owner Occupied	5.94%	5.98%	$2,859	-	Redraw, Digital banking
The Mutual Bank	Budget Home Loan	6.04%	6.04%	$2,890	-	Digital banking, Redraw
Greater Bank	Discounted Great Rate Home Loan - Variable Owner Occupied	6.09%	6.10%	$2,906	-	Redraw, Digital banking
South West Slopes Credit Union	Intro Discounted Standard Variable Home Loan	6.10%	6.10%	$2,909	-	Digital banking, Redraw, Offset, NPP
South West Slopes Credit Union	Optimum 2 Year Fixed Rate Home Loan	6.10%	6.10%	$2,909	-	Digital banking, NPP, Redraw
South West Slopes Credit Union	Optimum 3 Year Fixed Rate Home Loan	6.10%	6.10%	$2,909	-	Digital banking, NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Home Loan Special Offer - Owner Occupied	6.14%	6.18%	$2,921	-	Digital banking, NPP, PayID, Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	REFI SPECIAL OWNER OCCUPIED	6.14%	6.24%	$2,921	-	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	2 FIXED RATE HOME LOAN	6.14%	6.14%	$2,921	-	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	1 YEAR FIXED RATE LOAN	6.14%	6.14%	$2,921	-	Offset, Redraw
Bendigo Bank	Bendigo Express Home Loan	6.14%	6.27%	$2,921	-	Redraw, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)	6.15%	6.20%	$2,924	-	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	GOVT LOW DEP VARIABLE OOC PI	6.17%	6.24%	$2,931	-	Redraw, Digital banking, PayID, NPP
Bank of China	Discount Home Loan (With Principal and Interest Repayment)	6.18%	6.38%	$2,934	-	Redraw, Digital banking
Bank of China	Discount Plus Home Loan (with Principal and Interest Repayment)	6.18%	6.56%	$2,934	-	Redraw, Offset, Digital banking
Bank of us	Flexidiscount Home Loan	6.19%	6.19%	$2,937	-	Redraw, Digital banking, NPP
FIRST OPTION BANK	SIMPLE HOME LOAN	6.19%	6.19%	$2,937	-	Digital banking, Redraw
Border Bank	Customs Value Home Loan	6.19%	6.26%	$2,937	-	Redraw, Offset
Up	Up Home Loan	6.20%	6.20%	$2,940	-	Digital banking, Offset, Redraw
Bank of us	TOPLINE HOME LOAN	6.24%	6.24%	$2,952	-	NPP, Redraw, Digital banking, Offset
UNITY BANK	Momentum Home Loan 60LVR - Owner Occupier - Variable - P&I SO	6.24%	6.29%	$2,952	-	Offset, Redraw, PayID, NPP, Digital banking
BankWAW	Back to Basics Owner Occupied	6.24%	6.29%	$2,952	-	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%	$2,952	-	Redraw, Offset
Bank First Production	Basic Home Loan Variable LVR<60%	6.24%	6.29%	$2,952	-	Redraw, PayID, Digital banking
FIRST OPTION BANK	COMPLETE PACKAGE HOME LOAN	6.24%	6.59%	$2,952	-	Redraw, Digital banking, Offset
Police Bank	Goldrate Home Loan	6.24%	6.31%	$2,952	-	Redraw, Offset
BankVic	Home Loan Special Variable Rate	6.24%	6.24%	$2,952	-	Redraw, Offset
Border Bank	Goldrate Home Loan	6.24%	6.31%	$2,952	-	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing	6.24%	6.58%	$2,952	-	Redraw, Offset, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing INV	6.24%	6.58%	$2,952	-	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (up to 60%LVR)	6.24%	6.25%	$2,952	-	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)	6.29%	6.66%	$2,968	-	Offset, Redraw, Digital banking
ING	Mortgage Simplifier	6.29%	6.32%	$2,968	-	Digital banking, PayID, NPP, Redraw
Bank First Production	Basic Home Loan Variable LVR 60-70%	6.29%	6.34%	$2,968	-	Redraw, PayID, Digital banking
A-Auswide Bank	BASIC HOME LOAN	6.29%	6.32%	$2,968	-	Redraw, NPP, PayID
Tiimely	Tiimely Basic Home Loan	6.29%	6.30%	$2,968	-	Redraw
Easystreet	STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Principal and Interest)	6.29%	6.34%	$2,968	-	Offset, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.29%	6.66%	$2,968	-	Redraw, Offset, Digital banking
NRMA Insurance	NRMA Basic Home Loan	6.33%	6.37%	$2,980	-	Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - Without Offset	6.34%	6.39%	$2,984	-	Redraw, PayID, NPP, Digital banking
UNITY BANK	Momentum Home Loan 60-80LVR - Owner Occupier - Variable - P&I SO	6.34%	6.39%	$2,984	-	Offset, Redraw, PayID, NPP, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR <60%	6.34%	6.72%	$2,984	-	Offset, PayID, Digital banking, Redraw
BankWAW	Home Equity Loan Owner Occupied	6.34%	6.37%	$2,984	-	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%	$2,984	-	Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR <60%	6.34%	6.39%	$2,984	-	Offset, PayID, Digital banking, Redraw
Bank First Production	Basic Home Loan Variable LVR 70-80%	6.34%	6.39%	$2,984	-	Redraw, PayID, Digital banking
CENTRAL WEST CREDIT UNION LTD	Premium Smart Home Loan	6.34%	6.40%	$2,984	-	Redraw, Offset, Digital banking
Credit Union SA	40 Year Home Loan Package	6.34%	6.71%	$2,984	-	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (60%-80% LVR)	6.34%	6.35%	$2,984	-	Digital banking, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.34%	6.71%	$2,984	-	Redraw, Offset, Digital banking
HUME BANK LIMITED	myBlue Variable O/Occ P+I (up to 60% LVR)	6.34%	6.34%	$2,984	-	Redraw, Digital banking, Offset
BankVic	Fixed Rate Home Loan - 5 years	6.35%	6.35%	$2,987	-
BankVic	Fixed Rate Home Loan - 4 years	6.35%	6.35%	$2,987	-
BankVic	Fixed Rate Home Loan - 3 years	6.35%	6.35%	$2,987	-
BankVic	Fixed Rate Home Loan - 1 year	6.35%	6.35%	$2,987	-
BankVic	Fixed Rate Home Loan - 2 years	6.35%	6.35%	$2,987	-
BankVic	Home Loan Variable Rate	6.35%	6.35%	$2,987	-	Redraw
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Basic Home Loans	6.35%	6.38%	$2,987	-	Digital banking, Redraw
Qudos Bank	Low Cost Value Package	6.38%	6.56%	$2,996	-	Offset, Redraw
Qudos Bank	No Frills Home Loan	6.38%	6.38%	$2,996	-	Digital banking, NPP, PayID, Redraw
Qantas Money	QANTAS Money Basic Home Loan	6.38%	6.45%	$2,996	-	Redraw
Bendigo Bank	Bendigo Easy Home Loan	6.38%	6.40%	$2,996	-	Redraw
CommBank	Digi Home Loan (Owner Occupied)	6.39%	6.41%	$2,999	-	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.77%	$2,999	-	Digital banking, PayID, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.44%	$2,999	-	PayID, Digital banking, Redraw, Offset
BankVic	Offset Variable Rate Home Loan	6.39%	6.39%	$2,999	-	Redraw, Offset
POLICE CREDIT UNION LIMITED	Low Rate Home Loan - Owner Occupied	6.39%	6.46%	$2,999	-	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Renovation Loan - Owner Occupied	6.39%	6.46%	$2,999	-	Digital banking, NPP, PayID, Redraw, Offset
ORANGE CREDIT UNION LTD	Basic Variable Rate Home Loan	6.39%	6.44%	$2,999	-	Redraw
Bendigo Bank	Single Parents (Bendigo Complete Home Loan)	6.43%	6.65%	$3,012	-	Offset, Redraw
Unloan Prod	Unloan Home Loan	6.44%	6.35%	$3,015	-	Digital banking, Redraw, NPP
Bank of Queensland	Economy Variable Home Loan	6.44%	6.58%	$3,015	-	Redraw, Digital banking
THE CAPRICORNIAN	Variable Rate Offset Home Loan	6.44%	6.44%	$3,015	-	Offset, PayID, Digital banking, NPP, Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - With Offset	6.44%	6.49%	$3,015	-	Redraw, Offset, PayID, Digital banking, NPP
UNITY BANK	Momentum Home Loan 80LVR - Owner Occupier - Variable - P&I SO	6.44%	6.49%	$3,015	-	Offset, Redraw, PayID, NPP, Digital banking
ING	Orange Advantage	6.44%	6.73%	$3,015	-	Digital banking, PayID, NPP, Redraw, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.82%	$3,015	-	PayID, Digital banking, Redraw, Offset
Greater Bank	Discounted Ultimate Packaged Home Loan - Variable Owner Occupied	6.44%	6.80%	$3,015	-	Offset, Digital banking, Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.49%	$3,015	-	Offset, PayID, Digital banking, Redraw
Bank of Sydney	BOS Basic Home Loan Owner Occupied	6.44%	6.48%	$3,015	-	Redraw, Digital banking
The Mutual Bank	Package Home Loan	6.44%	6.80%	$3,015	-	Offset, Redraw, Digital banking
NAB	NAB Tailored Home Loan	6.44%	6.57%	$3,015	-	Offset, Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (60.01 - 80.00% LVR)	6.44%	6.44%	$3,015	-	Redraw, Digital banking, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)	6.45%	6.50%	$3,018	-	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%	$3,031	-	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	BASIC VARIABLE LOAN	6.49%	6.59%	$3,031	-	Redraw, Offset
Cairns Bank	CLASSIC HOME LOAN VARIABLE <60 LVR PI	6.49%	5.95%	$3,031	-	Redraw
Aussie Home Loans	Aussie Elevate Basic Home Loan	6.54%	6.56%	$3,047	-	Redraw
Connective Select Home Loans	Connective Select Basic Home Loan	6.54%	6.56%	$3,047	-	Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 12 mths P&I Owner Occupied	6.54%	6.54%	$3,047	-	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 24 mths P&I Owner Occupied	6.54%	6.54%	$3,047	-	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 36 mths P&I Owner Occupied	6.54%	6.54%	$3,047	-	Offset, Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 60-80 LVR PI	6.54%	6.00%	$3,047	-	Redraw
AFG Home Loans Alpha	AFG Alpha Basic Home Loan	6.54%	6.56%	$3,047	-	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (80%-90% LVR)	6.54%	6.55%	$3,047	-	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)	6.59%	6.96%	$3,062	-	Offset, Redraw, Digital banking
Unknown lender	Standard Variable Plus	6.59%	6.75%	$3,062	-	Redraw, Offset
Cairns Bank	PLUS HOME LOAN VARIABLE <60 LVR	6.59%	6.27%	$3,062	-	Redraw, Offset
LCU	Intelligent Mortgage 1 Year Fixed	6.60%	6.61%	$3,066	-	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage 2 Years Fixed	6.60%	6.63%	$3,066	-	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage Variable	6.60%	6.62%	$3,066	-	Redraw, Offset, Digital banking, NPP, PayID
THE CAPRICORNIAN	No Frills Owner Occupied Home Loan	6.64%	6.69%	$3,078	-	PayID, NPP, Digital banking, Redraw
Bank of Sydney	Expect More Home Loan Owner Occupied	6.64%	6.79%	$3,078	-	Digital banking, Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Variable	6.64%	6.69%	$3,078	-	Offset, Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE 60-80 LVR PI	6.64%	6.32%	$3,078	-	Redraw, Offset
Bank Australia	Basic Home Loan	6.64%	6.64%	$3,078	-	Digital banking, Redraw
Bank Australia	Offset Home Loan	6.64%	6.82%	$3,078	-	Digital banking, Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (80.01-90.00% LVR)	6.64%	6.64%	$3,078	-	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.85%	$3,094	-	PayID, Digital banking, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.51%	$3,094	-	Offset, PayID, Digital banking, Redraw
NAB	NAB Base Variable Rate Home Loan	6.69%	6.69%	$3,094	-	Redraw, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan Variable PI Owner Occupied	6.69%	7.03%	$3,094	-	Redraw, Offset, Digital banking
RACQ Bank	Fair Dinkum Home Loan	6.69%	6.69%	$3,094	-	Digital banking, NPP
Liberty Financial	Low rate home loan	6.74%	6.82%	$3,110	-	Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	STANDARD VARIABLE LOAN	6.74%	6.84%	$3,110	-	Redraw, Offset
Defence Bank Limited	Premier Low Rate	6.74%	6.74%	$3,110	-	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 80-90 LVR PI	6.74%	6.20%	$3,110	-	Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O(up to 60% LVR)	6.74%	6.48%	$3,110	-	Digital banking, Redraw
Community First Credit Union	Community Advantage Variable Owner Occupied (Principal and Interest)	6.79%	6.84%	$3,126	-	Redraw
Qudos Bank	Construction Home Loan	6.79%	6.65%	$3,126	-
RACQ Bank	Mortgage Saver Home Loan	6.79%	6.83%	$3,126	-	Digital banking, NPP, Redraw
Bank of Queensland	Clear Path Variable Home Loan	6.84%	6.96%	$3,142	-	Offset, Redraw
Liberty Financial	Debt consolidation home loan	6.84%	7.11%	$3,142	-	Offset, Redraw
Liberty Financial	Flexible home loan	6.84%	7.11%	$3,142	-	Offset, Redraw
Bank First Production	Basic Home Loan Variable LVR 80-90%	6.84%	6.89%	$3,142	-	Redraw, PayID, Digital banking
Defence Bank Limited	Premier Home Loan	6.84%	6.84%	$3,142	-	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Construction (INV)	6.84%	6.93%	$3,142	-	Offset, Digital banking, Redraw
AMP - My AMP	Equity Flex	6.84%	7.15%	$3,142	-	Redraw, Offset, Digital wallet, Digital banking
Cairns Bank	PLUS HOME LOAN VARIABLE 80-90 LVR PI	6.84%	6.51%	$3,142	-	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (60%-80% LVR)	6.84%	6.58%	$3,142	-	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (up to 60% LVR)	6.84%	6.56%	$3,142	-	Redraw, Digital banking, Offset
HORIZON BANK	Home Sweet Home Loan	6.89%	7.12%	$3,158	-	Redraw, Digital banking, NPP, Offset
IMB Bank	Essentials Home Loan	6.89%	7.00%	$3,158	-	Offset, Digital banking, Redraw
IMB Bank	Budget Home Loan	6.89%	6.95%	$3,158	-	Digital banking, Redraw
AMB Bank Product	DHOAS Construction Loan	6.89%	6.92%	$3,158	-
AMB Bank Product	DHOAS Rate Saver Home Loan	6.89%	6.92%	$3,158	-	Redraw
RACQ Bank	Mortgage Breaker Owner Occupied	6.89%	6.93%	$3,158	-	NPP, Digital banking, Offset, Redraw
Bank of us	TOPLINE RES. INV. LOAN	6.94%	7.01%	$3,174	-	NPP, Redraw, Digital banking, Offset
THE CAPRICORNIAN	Lifestyle Home Loan	6.94%	6.99%	$3,174	-	Offset, PayID, NPP, Digital banking, Redraw
St. George Bank	Basic Variable Home Loan	6.94%	6.95%	$3,174	-	Redraw, Digital banking
Bank of Melbourne	Basic Variable Home Loan	6.94%	6.95%	$3,174	-	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >80% <90%	6.94%	6.99%	$3,174	-	Offset, PayID, Digital banking, Redraw
BankSA	Basic Variable Home Loan	6.94%	6.95%	$3,174	-	Redraw, Digital banking
POLICE CREDIT UNION LIMITED	Better Home Loan 80% LVR - Owner Occupied	6.94%	7.01%	$3,174	-	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Better Home Loan 90% LVR - Owner Occupied	6.94%	7.01%	$3,174	-	Digital banking, NPP, PayID, Redraw, Offset
QBANK	Classic Home Loan	6.94%	6.96%	$3,174	-	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE >90 LVR PI	6.94%	6.40%	$3,174	-	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (90%-95% LVR)	6.94%	6.95%	$3,174	-	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (60.01 - 80.00% LVR)	6.94%	6.66%	$3,174	-	Redraw, Digital banking, Offset
Newcastle Permanent	Real Deal Home Loan Principal and Interest	6.99%	7.03%	$3,190	-	Redraw, Digital banking
MACARTHUR CREDIT UNION LTD	LOW LVR OOC P&I	6.99%	7.06%	$3,190	-	Redraw
AMB Bank Product	Construction Loan	6.99%	7.02%	$3,190	-
AMB Bank Product	RateSaver Home Loan	6.99%	7.02%	$3,190	-	Redraw
CENTRAL WEST CREDIT UNION LTD	Minimiser Home Loan	7.04%	7.10%	$3,206	-	Redraw, Digital banking
Defence Bank Limited	Ultimate Essentials I/O Con	7.04%	7.13%	$3,206	-	Offset, Digital banking
QBANK	Classic Plus Home Loan	7.04%	7.31%	$3,206	-	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Variable	7.04%	7.13%	$3,206	-	Digital banking, Offset, Redraw
AMB Bank Product	DHOAS Value Home Loan	7.04%	7.07%	$3,206	-	Offset, Redraw
AMB Bank Product	DHOAS Standard Variable Home Loan	7.04%	7.07%	$3,206	-	Redraw, Offset
AMP - My AMP	AMP Essential Home Loan	7.04%	7.07%	$3,206	-	Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE >90 PI	7.04%	6.71%	$3,206	-	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (80%-90% LVR)	7.04%	6.78%	$3,206	-	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (90.01 -95.00% LVR)	7.04%	7.04%	$3,206	-	Redraw, Digital banking, Offset
Westpac	Flexi First: Our lowest online variable home loan rate (Owner Occupied)	7.09%	7.10%	$3,223	-	Redraw, Digital banking
Bank of us	FLEXICHOICE HOME LOAN	7.11%	7.32%	$3,229	-	NPP, Redraw, Digital banking, Offset
NRMA Insurance	NRMA Offset Home Loan	7.13%	7.33%	$3,235	-	Offset, Redraw
Bendigo Bank	Bendigo Complete Home Loan	7.13%	7.35%	$3,235	-	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan	7.13%	7.30%	$3,235	-	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan (Retail)	7.13%	7.33%	$3,235	-	Offset, Redraw
Defence Bank Limited	Ultimate Essentials I/O	7.14%	7.23%	$3,239	-	Offset, Digital banking
Tiimely	Tiimely Offset Home Loan	7.14%	7.30%	$3,239	-	Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (80.01-90.00% LVR)	7.14%	6.86%	$3,239	-	Redraw, Digital banking, Offset
CENTRAL WEST CREDIT UNION LTD	Smart Home Loan	7.15%	7.21%	$3,242	-	Redraw, Offset, Digital banking
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 2 year	7.15%	7.15%	$3,242	-	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 1 year	7.15%	7.15%	$3,242	-	Digital banking, Redraw
Health Professionals Bank	Your Way Plus Home Loan	7.19%	7.48%	$3,255	-	Redraw, Digital banking, Offset
Health Professionals Bank	Your Way Home Loan	7.19%	7.26%	$3,255	-	Redraw, Digital banking
Regional Australia Bank	Regional Australia Bank Home Loan (Non Offset)	7.19%	7.22%	$3,255	-	Redraw
UniBank	Your Way Plus Home Loan	7.19%	7.48%	$3,255	-	Redraw, Digital banking, Offset
UniBank	Your Way Home Loan	7.19%	7.26%	$3,255	-	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR 80-90%	7.19%	7.02%	$3,255	-	Offset, PayID, Digital banking, Redraw
AMB Bank Product	Standard Variable Home Loan	7.19%	7.23%	$3,255	-	Redraw, Offset
AMB Bank Product	Value Home Loan	7.19%	7.23%	$3,255	-	Offset, Redraw
BankWAW	Flexible Choice Owner Occupied	7.24%	7.29%	$3,271	-	Redraw, Offset
Liberty Financial	Low doc home loan	7.24%	7.51%	$3,271	-	Redraw, Offset
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest	7.24%	7.30%	$3,271	-	Offset, Redraw
AMP - My AMP	AMP Superedge Loan	7.24%	7.61%	$3,271	-	Offset, Digital wallet, Digital banking
Credit Union SA	Variable Home Loan Package Principal and Interest	7.24%	7.59%	$3,271	-	Redraw, Offset, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >80% <90%	7.28%	7.65%	$3,284	-	PayID, Redraw, Digital banking, Offset
Qantas Money	QANTAS Money Offset Home Loan	7.28%	7.50%	$3,284	-	Offset, Redraw
MACARTHUR CREDIT UNION LTD	LOW LVR INV P&I HOME LOAN	7.29%	7.36%	$3,287	-	Redraw
Bank First Production	Basic Home Loan Variable LVR>90%	7.29%	7.34%	$3,287	-	Redraw, PayID, Digital banking
Credit Union SA	Discounted Variable Rate Home Loan Principal and Interest	7.29%	7.32%	$3,287	-	Redraw, Digital banking
ANZ	ANZ Simplicity PLUS	7.34%	7.34%	$3,304	-	Digital banking, Redraw
Macquarie	Macquarie Offset Home Loan	7.34%	7.58%	$3,304	-	Offset, Digital banking, Redraw
Macquarie	Macquarie Basic Home Loan	7.34%	7.37%	$3,304	-	Redraw, Digital banking
Newcastle Permanent	Premium Plus Package Variable Home Loan Principal and Interest	7.35%	7.67%	$3,307	-	Digital banking, Offset, Redraw
Aussie Home Loans	Aussie Elevate Offset Home Loan	7.39%	7.56%	$3,320	-	Offset, Redraw
ME Bank	ME Bank CompleteME Home Loan	7.39%	7.75%	$3,320	-	Offset, Digital banking, Redraw
Liberty Financial	Fresh start home loan	7.39%	7.73%	$3,320	-	Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >90%	7.39%	7.44%	$3,320	-	Digital banking, Redraw, PayID, Offset
Connective Select Home Loans	Connective Select Offset Home Loan	7.39%	7.56%	$3,320	-	Offset, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc Jumbo (BNK)	7.39%	7.46%	$3,320	-	Offset, Digital banking, Redraw
AFG Home Loans Alpha	AFG Alpha Offset Home Loan	7.39%	7.56%	$3,320	-	Offset, Redraw
Regional Australia Bank	Regional Australia Bank Home Loan (Offset)	7.40%	7.43%	$3,323	-	Offset, Redraw
UniBank	Your Way Home Loan	7.44%	7.36%	$3,337	-	Redraw, Digital banking
THE CAPRICORNIAN	Premium Choice Home Loan	7.45%	7.50%	$3,340	-	PayID, NPP, Digital banking, Offset, Redraw
ANZ	ANZ Standard Variable home loan	7.49%	7.49%	$3,353	-	Digital banking, Redraw, Offset
Credit Union SA	Standard Variable Rate Home Loan Principal and Interest	7.49%	7.54%	$3,353	-	Offset, Redraw
AMP - My AMP	Professional Package	7.52%	7.92%	$3,363	-	Redraw, Offset, Digital wallet, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR 80-90%	7.53%	7.68%	$3,366	-	Offset, PayID, Digital banking, Redraw
My State PM Production	Basic Variable Loan	7.54%	7.57%	$3,369	-	Redraw, Digital banking
My State PM Production	Special Residential Variable Loan	7.54%	7.59%	$3,369	-	Digital banking, Offset, Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O (90%-95% LVR)	7.54%	7.23%	$3,369	-	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Mortgage Equity Loan	7.60%	9.02%	$3,389	-	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR>90%	7.64%	7.47%	$3,402	-	PayID, Digital banking, Redraw, Offset
HUME BANK LIMITED	myBlue Variable O/Occ I/O (90.01 -95.00% LVR)	7.64%	7.31%	$3,402	-	Redraw, Digital banking, Offset
NORTHERN INLAND CREDIT UNION LTD.	Smart Home Loan Variable	7.69%	7.86%	$3,419	-	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%	$3,435	-	Offset, Redraw
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 80% LVR - Owner Occupied	7.74%	7.81%	$3,435	-	Offset, Redraw, NPP
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 90% LVR - Owner Occupied	7.74%	7.81%	$3,435	-	NPP, Offset, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	HOME EQUITY LOAN	7.74%	7.85%	$3,435	-	Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >90%	7.78%	8.15%	$3,449	-	Redraw, Offset, PayID, Digital banking
Bank of Queensland	BOQ Essential Home Loan	7.82%	7.84%	$3,462	-	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K	7.87%	7.94%	$3,479	-	Redraw, Digital banking, PayID, NPP
Greater Bank	Ultimate Packaged Home Loan - Variable Owner Occupied	7.91%	8.26%	$3,492	-	Digital banking, Redraw, Offset
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K	7.97%	8.04%	$3,512	-	Redraw, Digital banking, PayID, NPP
CommBank	Standard Variable Rate Home Loan (Owner Occupied)	7.99%	8.35%	$3,519	-	Redraw, Offset, Digital banking
CommBank	Simple Home Loan (Owner Occupied)	7.99%	8.13%	$3,519	-	Redraw, Offset, Digital banking
Virgin Money Australia	Virgin Money Lite Home Loan	8.02%	8.04%	$3,529	-	Digital banking, Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR>90%	8.03%	8.17%	$3,532	-	PayID, Redraw, Offset, Digital banking
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K	8.07%	8.14%	$3,546	-	Redraw, Digital banking, PayID, NPP
THE CAPRICORNIAN	Access Equity Home Loan	8.09%	8.14%	$3,552	-	PayID, NPP, Digital banking, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc (BNK)	8.09%	8.17%	$3,552	-	Offset, Digital banking, Redraw
Greater Bank	Great Rate Home Loan - Variable Owner Occupied	8.11%	8.12%	$3,559	-	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I	8.17%	8.24%	$3,579	-	Redraw, Digital banking, PayID, NPP
MACARTHUR CREDIT UNION LTD	MORTGAGE OFFSET OWNER OCCUPIED P&I	8.17%	8.24%	$3,579	-	Redraw, Digital banking, NPP, PayID, Offset
AMP - My AMP	Land Loan	8.20%	8.26%	$3,589	-	Redraw, Digital banking
BOQ Specialist	Basic Home Loan	8.27%	8.45%	$3,613	-	Redraw
HORIZON BANK	HANDYLOAN	8.39%	8.39%	$3,653	-	Digital banking, PayID, NPP, Digital wallet
Virgin Money Australia	Virgin Money Loaded Home Loan	8.41%	8.68%	$3,660	-	Offset, Digital banking, Redraw
Bank of Queensland	BOQ Plus Home Loan	8.49%	8.76%	$3,687	-	Digital banking, Redraw
My State PM Production	Standard Variable Loan	8.62%	8.68%	$3,732	-	Digital banking, Offset, Redraw
Bank of China	Standard Variable Rate Home Loan	8.64%	8.71%	$3,739	-	Redraw, Digital banking
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Special Home Loans	8.64%	8.67%	$3,739	-	Offset, Redraw, Digital banking
The Mutual Bank	Express Credit Facility	8.89%	8.89%	$3,824	-	PayID, NPP, Digital banking, Digital wallet
ANZ Plus	ANZ Plus Home Loan Variable	8.89%	8.89%	$3,824	-	Redraw, Offset, Digital banking
Judo Bank	Home Loan	8.90%	8.92%	$3,828	-	Redraw
Westpac	Premium Options Home Loan	9.08%	9.08%	$3,890	-	Redraw
Liberty Financial	Low deposit home loan	9.14%	9.89%	$3,911	-	Offset, Redraw
IMB Bank	Standard Variable Home Loan	9.21%	9.28%	$3,935	-	Offset, Digital banking, Redraw
THE CAPRICORNIAN	Mortgage Plus Home Loan	9.23%	9.23%	$3,942	-	Digital banking, Digital wallet, PayID, NPP
Bank of Melbourne	Variable Home Loan with Offset	9.34%	9.48%	$3,980	-	Offset, Redraw, Digital banking
BankSA	Variable Home Loan with Offset	9.35%	9.49%	$3,984	-	Offset, Redraw, Digital banking
St. George Bank	Variable Home Loan with Offset	9.36%	9.50%	$3,987	-	Offset, Redraw, Digital banking
Westpac	Rocket Loan: Variable Home Loan with Offset (Owner Occupied)	9.38%	9.52%	$3,994	-	Redraw, Offset, Digital banking
UNITY BANK	Retirees Access Home Loan	9.50%	9.60%	$4,036	-	Redraw, PayID, NPP, Digital banking
Arab Bank Australia Ltd Prod	The Basics Home Loan	9.54%	9.67%	$4,050	-	Redraw, Digital banking
Arab Bank Australia Ltd Prod	Basics Home Loan Special Offer	9.54%	9.67%	$4,050	-	Digital banking, Redraw
Bank of Melbourne	Relocation Loan without end	9.63%	9.45%	$4,082	-
Bank of Melbourne	Relocation Loan with end	9.63%	9.45%	$4,082	-
Arab Bank Australia Ltd Prod	Essentials Home Loan Special Offer	9.64%	9.69%	$4,085	-	Digital banking, Redraw, Offset
Arab Bank Australia Ltd Prod	Essentials Home Loan	9.64%	9.69%	$4,085	-	Redraw, Digital banking, Offset
BankSA	Relocation Loan with end	9.64%	9.46%	$4,085	-
BankSA	Relocation Loan without end	9.64%	9.46%	$4,085	-
St. George Bank	Relocation Loan without end	9.65%	9.47%	$4,089	-
St. George Bank	Relocation Loan with end	9.65%	9.47%	$4,089	-
BOQ Specialist	Plus Home Loan	9.69%	9.69%	$4,103	-
BOQ Specialist	Home Loan Banking Package	9.87%	10.33%	$4,166	-
A-Auswide Bank	HOME LOAN PLUS	10.01%	10.17%	$4,216	-	Offset, Redraw, NPP, PayID
NAB	NAB FlexiPlus Mortgage	10.36%	10.36%	$4,341	-	Digital banking
Bank of Sydney	Home Equity Maximiser Owner Occupied	11.90%	11.90%	$4,900	-	Digital banking

Rates are indicative and based on an owner-occupier loan of $480,000 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.

SA refinance savings: On SA’s ~$480,000 median refinance loan with 25 years remaining, cutting your rate by 0.60% saves about $175/month - around $52,500 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.

South Australia Refinance Calculators

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

Cashback vs. Lower Rate

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

Loan amount

Option A: Lower rate (%)

Option B: Higher rate + cashback (%)

Cashback amount

Your South Australia Switching Cost

Add up the real South Australia fees and see how quickly a South Australia 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 SA home loan and save.

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

Which Lenders Offer Cashback for Refinancing in SA?

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 4.8 years on a $350,000 loan. On SA's typical loan sizes (~$480,000), the lower rate wins in under 4 years. Always compare the total cost of the loan over your expected holding period.

Lender	Cashback	Min. Loan	Max LVR	Conditions	Expiry

Cashback offers stack the deal in SA: Several lenders pay $2,000-$4,000 cashback on eligible South Australian 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 South Australia?

SA-specific switching costs include the $187 mortgage registration fee (Land Services SA) and a discharge fee of approximately $350. Total switching costs for most SA refinancers range from $900-$2,100. Importantly, no stamp duty is payable when refinancing - stamp duty only applies on property purchases. SA offers no stamp duty on new homes up to $650,000 for eligible first home buyers, but this only applies to purchases, not refinancing.

Fee	Amount	Notes
SA mortgage registration fee	$187	Land Services SA fee for registering new mortgage on your property title
SA discharge fee	~$350	Charged by your existing lender to release the mortgage from the SA 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 Adelaide
Legal / conveyancing	$200-$500	SA 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

SA mortgage registration fee $187

Land Services SA fee for registering new mortgage on your property title

SA discharge fee ~$350

Charged by your existing lender to release the mortgage from the SA 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 Adelaide

Legal / conveyancing $200-$500

SA 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: Land Services SA, lender fee schedules.

SA break-even: With SA’s $187 Land Services SA mortgage registration fee and typical $900-$2,100 total switching costs, a 0.5% rate cut on a $480K refinance usually breaks even in 6-7 months - pure savings after that.

When Does Refinancing Pay Off in South Australia?

Plug in your current rate, target rate, loan balance and South Australia 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 South Australia?

Adelaide's rapid appreciation

Adelaide was once Australia's most affordable capital city, but property values have surged over 50% since 2020. This means borrowers who purchased before the growth boom now have dramatically improved equity positions - many dropping well below 80% LVR - qualifying them for the best available rates without LMI.

Post-fixed-rate cliff

Hundreds of thousands of SA 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 $1,200+ per month more than necessary on a $480,000 loan. Refinancing to the best available rate is critical to reducing your repayments.

Lenders reassessing SA postcodes

Historically, some lenders applied conservative lending criteria to SA postcodes. Adelaide's sustained property growth has led many lenders to reassess these restrictions in 2026. Digital lenders like Unloan and Athena have fewer postcode restrictions, and major banks are expanding their acceptable SA postcode lists - opening up better rates for more SA borrowers.

Lower loan balances, faster break-even

SA's average remaining loan balance (~$430,000) is below the national average (~$518,000), meaning switching costs represent a smaller proportion of your loan. With typical switching costs of $900-$2,100, most SA refinancers break even within 6-8 months and then save $140+/month for the remaining loan term.

How to Refinance in SA: 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. SA borrowers can verify their mortgage status via Land Services SA (South Australia's land titles authority).

Calculate your potential savings

Day 1-2

Use the break-even calculator above to compare your current rate against the best available rates. For SA, factor in the $187 mortgage registration fee and ~$350 discharge fee. With average SA loan balances of ~$430,000, even small rate drops create meaningful 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 South Australia, from Adelaide CBD to regional areas like the Barossa Valley, Mount Gambier, Murray Bridge, and the Adelaide Hills.

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 SA properties. Adelaide's rapid appreciation means lenders are increasingly reassessing SA postcode restrictions favourably.

Valuation and approval

Week 2-4

Your new lender arranges a property valuation. Adelaide metro properties may qualify for automated desktop valuations, speeding up the process. Regional SA properties - particularly in wine regions and coastal areas - typically receive favourable valuations given strong recent growth.

Settlement

Week 4-6

Your new lender pays out your old loan and registers the new mortgage with Land Services SA ($187 registration fee). South Australia uses PEXA for electronic settlements. Your old lender processes the discharge. You begin repayments on the new loan from the settlement date.

~7%

of all Australian refinances are in SA

Source: ABS Lending Indicators

~$1,920

Average annual savings for SA refinancers

Based on $480k loan, 0.50% rate reduction

2-6 weeks

Typical SA refinancing timeline

Source: Major lender averages

Refinance Rates by State

Compare refinancing options in other states and territories.

New South Wales

NSW

Victoria

VIC

Queensland

QLD

Western Australia

Tasmania

TAS

ACT

Northern Territory

All Australia

National

Related Guides & Tools

National Refinance Comparison

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Complete Refinance Guide

Everything you need to know about refinancing your home loan.

First Home Buyers SA

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

Green Home Loans SA

Discounted rates for energy-efficient homes in South Australia.

Personal Loans

Compare personal loan rates from leading lenders.

Frequently Asked Questions

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

Refinancing in South Australia

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

Is now a good time to refinance in South Australia?

Does refinancing differ between Adelaide and regional SA?

How has Adelaide's property growth affected refinancing options?

Costs & Fees in South Australia

What fees do I pay when refinancing in South Australia?

Do I pay stamp duty when refinancing in SA?

What is the Land Services SA mortgage registration fee?

Are break costs different for SA borrowers?

Eligibility & Market Conditions

How much equity do I need to refinance in South Australia?

Are lenders reassessing SA postcode restrictions?

Can I refinance if I used the SA First Home Owner Grant?

How long does refinancing take in South Australia?

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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