Why Waiting for an RBA Rate Cut Might Cost You: Refinance for Savings Instead
Many Aussie homeowners spent July hoping the Reserve Bank of Australia (RBA) would deliver a rate cut. But once again, the RBA held firm — citing economic uncertainty. If you’re feeling stuck with a high-rate mortgage, there’s good news: refinancing could unlock a rate cut of your own.
📉 RBA Holds Rates – But You Don’t Have To
💬 What Happened in July?
Market analysts were nearly unanimous: a rate cut seemed imminent. Instead, the RBA held the cash rate steady, citing inflation concerns and unclear growth indicators.
While rate relief from above didn’t materialise, plenty of borrowers still secured personal rate cuts by refinancing — bypassing the need to wait on the RBA.
🔗 Explore our guide to refinancing to see if it’s time to switch.
🚀 Refinancing Activity Surges in 2025
🔢 The Numbers Speak Loudly
Read our blog on why so many people refinance.
Finance volumes jumped 12.5% over the year to March 2025. And the ABS confirms more than 65,000 home loans were refinanced in the first quarter alone.
Still, many Australians are sticking with outdated loans. A recent survey by Compare the Market found 65% of people with 3+ year-old loans haven’t refinanced — potentially paying more than necessary.
💭 Should You Think About Switching?
🔄 Lenders Are Getting Creative
Refinancing isn’t just about chasing a lower interest rate. It’s also about upgrading your loan features and tailoring your repayment structure. Here’s what we’re seeing:
- 🏦 Lenders independently introducing rate cuts
- 📉 Fixed-rate options dipping into the 4% range
- 🔄 Loan packages with greater flexibility and offset options
🔗 Not sure what all those features mean? Learn more with our blog on offset loans
❤️ Loyalty Is Great — Just Not for Home Loans
🧠 Why Old Loans Might Be Hurting You
Sticking with the same loan year after year might be costing you thousands. Older loans often:
- Carry higher interest rates
- Lack modern features like offset accounts
- Don’t adjust to your changing financial needs
💬 It’s like driving a 2005 Corolla in a 2025 Tesla world — fine on the surface, but missing what’s under the hood.
📞 Let’s Review Your Loan Together
At CBM Mortgages, we make refinancing simple and stress-free. Whether you’re curious about your options or ready to switch, we’ll help you find a better match — and potentially a lower rate.
👉 Talk to our Sydney mortgage experts and take the first step toward savings.
🔐 Disclaimer
This blog post provides general information only and does not constitute financial or tax advice. Please speak with a licensed adviser before making decisions based on your personal situation.
Written by Craig McDonald 14.07.2025
