If you’re a homeowner in Kedron, Aspley, Everton Park or the surrounding North Brisbane suburbs, now might be the perfect time to review your home loan. Considering the RBA has recently dropped interest rates, while property values have held strong, many locals are wondering if they’re getting the best deal on their mortgage.
At Borro, we’ve been seeing an increase in refinancing activity across the Northside in particular – and for good reason. Even a small change in your interest rate can free up hundreds of dollars each month, so here’s how to know when it’s time to refinance your home loan.
Signs it might be time to refinance
Refinancing means getting smarter with your money. Here are some signs it could be worth reviewing your loan:
Your rate has been stagnant for 2 years
If your rate is stuck while others are reaping the benefits of interest rates dropping, it’s time to compare.You’ve built equity but haven’t utilised it
In addition to your home loan contributions, your property value may have gone up since purchasing. Accessing equity could help to fund renovations to further improve your home, but ample equity could also mean you’re eligible for better terms on your home loan.You’re paying for features you don’t use
If you’re not using extras such as offset accounts, you may be paying more than necessary.Your financial situation has changed
Whether you’ve secured a new job, received an inheritance, or grown your family – any changes to your financial situation can change what type of loan works best for you.
We’ve helped families in North Brisbane to reduce repayments by up to $450 per month – often without needing to switch lenders.
Interest rate trends for North Brisbane homeowners
Over the past couple of years, home loan interest rates in Australia have been shifting – following steep increases during a series of RBA hikes, then gradually easing as the cash rate stabilised – we’ve now seen some welcomed rate reductions in 2025. If you locked in an interest rate during the peak of the RBA increases, or if your variable rate has shifted upward without review, you could be paying more than you need to. Here’s a simple snapshot of how average interest rates in Australia have moved and what that means:
Borro tip: Even a 0.5% drop in your interest rate could save you $300 – $500 a month.
North Brisbane homeowner case study
Borro recently worked with a family local to Kedron in North Brisbane. After five years in their home, their fixed loan had switched into a high variable rate. They reached out to Borro for a review, and we helped them to refinance into a two-year fixed rate. This simple change saved them $450 a month.
How Borro makes refinancing easier
With Borro, refinancing is surprisingly simple.
Advice tailored to your situation
We’ll look at your current loan, lifestyle and plans for the future. By tailoring your home loan solution we can give clear guidance that works.A wealth of knowledge
When you work with Borro you’re not relying on just one broker. Our whole Brisbane team backs your journey – from paperwork to settlement.We’ll make sure banks bid for your business
With access to over 30 lenders, we shop around and negotiate on your behalf – so you get the best deal possible.
What to expect when you refinance with us
At Borro, we’ve streamlined the refinancing process so it’s simple from start to finish. Here’s what you’ll need when meeting with us to discuss your options:
Recent loan statement
Estimate of your property’s value
Income details (payslips or tax returns)
We’ll start with a quick 30-minute chat to understand your current loan and goals. After that, we’ll send you a clear, personalised refinancing report outlining your best options – if you decide to move forward with us, we take care of the paperwork and manage the entire refinancing process on your behalf. No hidden fees and no fine print – just better outcomes.
If your loan is over 2 years old, chances are there’s a better deal out there. Our free review will tell you quickly.
Depending on your lender, you may be able to break your fixed term – though fees can apply.
It can, but only temporarily. Our customers generally find that the savings they receive from refinancing outweigh any short-term adverse effects on their credit score.
Our clients typically save between $300 to $500 per month – sometimes more, especially if their current rate is outdated.
At Borro, we build long-term relationships with Northside homeowners and offer ongoing 6-month reviews, so your loan stays competitive for years to come.
Ready to refinance your home loan?
If you live in North Brisbane and haven’t reviewed your home loan in the last 2 years, now is the time. Book a free loan check with Borro today – it might be the smartest 30 minutes you spend all year.
