Almost 500,000 mortgage holders plan to refinance as interest rates reach 15-year high

Finder’s research reveals nearly half a million Australian mortgage holders plan to refinance. Nearly half a million Australian mortgage holders plan to refinance as the cash rate hits its highest level in 15 years. Finder’s research revealed 14 per cent of mortgage holders – equivalent to 462,000 people – plan to refinance their home loan with a different lender in the next 12 months. Refinancing, while lower year on year, accounts for between 60-65 per cent of mortgage sales, compared with about 35 per cent historically. This new build is in over 50s community Gemlife Pimpama in Queensland. It’s for sale with a price tag of $1.25m. Source: realestate.com.au 82 Riviera Road, Avondale Heights in Victoria is for sale with a price guide of $1.46m to $1.6m. Source: realestate.com.au The figure comes as the Reserve Bank raised the cash rate to 4.6 per cent in September, delivering its fourth rate hike of 2026. A further 9 per cent of borrowers have already refinanced with a different lender in the past 12 months – that’s almost a quarter (23 per cent) of mortgage holders who have either recently switched or are planning to. MORE NEWS: ‘I was a smart arse’: Culture Kings’ co-founder reg...