If you’ve been thinking about refinancing your home loan in 2025, you're not alone. With the Reserve Bank of Australia (RBA) reducing the cash rate to 4.10% in February, many homeowners are now exploring opportunities to secure better rates and improve their financial position. The good news? The competition among lenders is fierce, and that means potentially better deals for you.
Whether you’re aiming to reduce your monthly repayments, unlock equity, or consolidate debt, refinancing could be a smart financial move—especially if you work with a trusted mortgage specialist.
Why 2025 Is a Good Time to Refinance
The Australian mortgage landscape is shifting in favor of borrowers this year. The recent cash rate cut has prompted many lenders to slash their fixed and variable rates, with refinance deals starting from as low as 4.94% p.a. for a 3-year fixed loan.
According to Money.com.au, competitive refinancing options are already hitting the market, giving borrowers access to significantly better terms:
https://www.money.com.au/home-loans/refinance
Interest in refinancing is climbing fast, with homeowners eager to escape “mortgage prison” and regain financial control. Odin Mortgage offers helpful tips and up-to-date advice on navigating this process:
https://www.odinmortgage.com/refinance-home-loan/tips/
️ Spotlight on Kensington: Why Refinancing Matters Here
Kensington, with its village charm, community feel, and proximity to Melbourne CBD, continues to attract a growing number of buyers and investors. But it’s also home to many long-term homeowners who may be sitting on outdated mortgage terms—without realizing how much they could save.
Now is a prime time for Kensington residents to review their mortgage situation. As values in the area remain steady and infrastructure continues to improve, refinancing can help homeowners tap into their equity for renovations, investments, or even just improved cash flow.
“We’ve had many clients in Kensington recently who didn’t realise how much better off they could be until we walked them through the numbers,” says Lou Rendina, Director at Rendina Real Estate.
“Refinancing can take the pressure off—and we’re here to help every step of the way.”
At Rendina, we don’t just sell properties—we support our clients through all stages of homeownership. Whether you need a trusted mortgage broker, a referral to a finance specialist, or just honest advice, our team is here to guide you.
Why Work With a Mortgage Specialist?
While it's possible to research rates and apply directly with lenders, working with a mortgage specialist or broker can save you time, stress, and money. Brokers compare hundreds of loan products from a wide range of banks and lenders to find one tailored to your situation—and they often have access to exclusive deals.
Here are some of the top brokers and comparison platforms in 2025:
- Mortgage Choice: Offering a free Home Loan Health Check and access to over 30 lenders. Some lenders are offering up to $3,000 cashback on refinanced loans.
https://www.mortgagechoice.com.au/home-loans/refinancing/ - Money.com.au: Known for its easy comparison tools, transparent lending partners, and refinance-specific advice.
https://www.money.com.au/home-loans/refinance - MortgageBrokers.com.au: Offers a wide range of refinance comparisons, including fixed and variable loan options from trusted Australian banks.
https://www.mortgagebrokers.com.au/refinance-home-loans
3 Smart Refinancing Strategies for 2025
1. Time It Right
With further rate cuts possible later in 2025, experts at Opulent Finance recommend keeping an eye on rate trends. Locking in a competitive fixed rate now could still offer long-term savings.
https://opulentfinance.com.au/refinancing-your-home-loan-smart-strategies-for-2025/
2. Understand Serviceability Buffers
One challenge for many borrowers has been the 3% serviceability buffer required by the Australian Prudential Regulation Authority (APRA). This rule has made refinancing harder—even for borrowers with perfect repayment histories.
The Daily Telegraph recently reported on how changes in policy could help homeowners escape “mortgage prison.”
https://www.dailytelegraph.com.au/real-estate/loophole-that-will-allow-borrowers-to-escape-mortgage-prison-following-rba-rate-announcement/news-story/900dc649e531731649119b12159d572a
3. Consolidate Your Debts
You can use refinancing to bundle multiple debts—like personal loans or credit cards—into your mortgage, reducing your overall interest burden. One couple recently saved $17,000 a year by doing just that.
Full story via News.com.au:
https://www.news.com.au/finance/real-estate/mortgage-change-that-saved-homeowners-17000-a-year/news-story/8c75a199514a78b3f90a4d945be64869
How AI Is Revolutionising Mortgage Refinancing
Artificial intelligence is now being used by lenders and brokers to fast-track approvals and personalise mortgage options. These tools can assess your situation, scan hundreds of loan options, and return the best match in real time.
Learn more about AI in mortgage broking from Simply Wealth Group:
https://simplywealthgroup.com.au/australian-needs-to-know-before-refinancing/
Final Thoughts: Let’s Walk You Through It
At Rendina, we understand that refinancing can feel overwhelming—but it doesn’t have to be. Our team is here to help you understand your options, connect with trusted mortgage specialists, and ensure you make the best decision for your future.
Whether you're in Kensington or surrounding inner north-west suburbs, we’ve got the experience, local knowledge, and network to support your refinancing journey from start to finish.
Ready to get started? Contact us today for a confidential chat and let’s explore what refinancing could do for you.
Full Source List:
- Money.com.au: https://www.money.com.au/home-loans/refinance
- Odin Mortgage: https://www.odinmortgage.com/refinance-home-loan/tips/
- Mortgage Choice: https://www.mortgagechoice.com.au/home-loans/refinancing/
- MortgageBrokers.com.au: https://www.mortgagebrokers.com.au/refinance-home-loans
- Opulent Finance: https://opulentfinance.com.au/refinancing-your-home-loan-smart-strategies-for-2025/
- Daily Telegraph: https://www.dailytelegraph.com.au/real-estate/loophole-that-will-allow-borrowers-to-escape-mortgage-prison-following-rba-rate-announcement/news-story/900dc649e531731649119b12159d572a
- News.com.au: https://www.news.com.au/finance/real-estate/mortgage-change-that-saved-homeowners-17000-a-year/news-story/8c75a199514a78b3f90a4d945be64869
- Simply Wealth Group: https://simplywealthgroup.com.au/australian-needs-to-know-before-refinancing/