Australians are seizing the moment! With home loan interest rates easing after two recent RBA cuts—the latest on 20th May—confidence in the property market is surging, and now is the ideal time to refinance.
A third of Aussies (33%) now feel more confident about buying property—up from just 23% last quarter and double last year’s figure. As inflation continues to ease and rates soften, more people see property as the key to financial security. This is driving a sharp 30% year-on-year increase in refinancing, with especially strong activity in South Australia and the Northern Territory, where volumes jumped over 44%.
And with another RBA rate cut just delivered, refinancing opportunities are only getting better!
With our exclusive Mates Rates Monthly Cash-back, you can save tens of thousands over the life of your loan—simply by optimising your current deal.
Investor loans are rising—up 18.5% year-on-year, led by NSW/ACT and Queensland at nearly 25%. First-home buyers are making their mark too, with a 5.6% increase in loan numbers and a 12.3% jump in total values. Many younger buyers are getting a boost from the “bank of mum and dad,” with gifts from $10,000 to $500,000 helping more Aussies get on the property ladder.
Nationally, the average loan size has climbed to $628,684 (an 8.1% increase)—unlocking even bigger cash-back rewards. WA posted the strongest growth at 12.3%, proving confidence is returning nationwide.
And here’s the best part: 74% of borrowers are reviewing their loans each year. That means more people are ready to take action—and save.
Now’s the moment to refinance smartly, potentially save tens of thousands, and unlock your property goals.
The team at Mates Rates is ready to help you capitalise on the market surge.
Contact us today and take your next big step!
