That is one of the most common questions we’ve been hearing from clients right now.

It’s a great question—and in the current Australian lending environment, there isn’t a one-size-fits-all answer.

After several years of rising interest rates, many lenders are now competing harder for borrowers. Some are offering sharper variable rates, cashback alternatives, fee waivers, and refinance incentives. At the same time, fixed rates have become more attractive than they were during the peak of the rate cycle.

So, what does that mean for homeowners, refinancers, and buyers in 2026?

Let’s break it down in simple terms.

What’s Happening in the Australian Mortgage Market?

As of June 2026:

• The RBA cash rate has eased from its peak, but lenders have not passed on every reduction in full.
• Variable rates have become more competitive, especially for borrowers with strong equity.
• Fixed rates are generally lower than they were 12–18 months ago, but they’re still not as low as the ultra-cheap rates seen during 2021.
• Many borrowers are coming off older fixed rates and are reassessing their loan structure.

This is why reviewing your home loan has become more important than ever.

What Is a Variable Home Loan?

A variable loan means your interest rate can move up or down over time.

Pros of a variable loan

• You benefit if interest rates fall.
• Extra repayments are usually allowed without penalty.
• Offset accounts are commonly available.
• Redraw facilities provide flexibility.

Cons of a variable loan

• Repayments can increase if rates rise.
• Budgeting can be less predictable.
• Market changes may affect your cash flow.

Best suited for

• Borrowers who want flexibility.
• Homeowners with offset savings.
• People planning renovations, investing, or making extra repayments.
• Borrowers who expect rates to continue easing.

What Is a Fixed Home Loan?

A fixed loan locks in your interest rate for a set period, usually one to five years.

Pros of a fixed loan

• Repayments stay the same during the fixed term.
• Easier to budget.
• Protection against future rate increases.
• Peace of mind for families and first home buyers.

Cons of a fixed loan

• Limited flexibility.
• Extra repayments are usually capped.
• Offset account features may be restricted.
• Break costs can apply if you refinance or sell during the fixed term.

Best suited for

• Borrowers with tight household budgets.
• First home buyers wanting certainty.
• Families with upcoming expenses.
• Anyone who values stability over flexibility.

So… Which Option Is Better Right Now?

Here’s the honest answer:

In the current market, many lenders are pricing variable loans very aggressively, while fixed rates are offering more certainty than they did during the height of the rate cycle.

That means the decision should be based on your goals, not just the headline rate.

The Option Many Borrowers Overlook: Split Loans

A split loan combines both fixed and variable portions.

For example:

• 50% fixed
• 50% variable

This can give you:

• some repayment certainty,
• access to an offset account on the variable portion,
• and the ability to make extra repayments.

For borrowers who are unsure where rates are heading, a split loan can be a sensible middle ground.

Why Comparing Lenders Is More Important Than Ever

One of the biggest mistakes we see is borrowers staying with their current lender without reviewing their options.

In 2026, the difference between lenders can be significant. Two borrowers with the same income and property value may receive very different rates depending on:

• their loan-to-value ratio (LVR),
• whether they’re refinancing,
• the size of the loan,
• and the lender’s current pricing campaign.

A mortgage broker can compare a wide range of lenders and negotiate on your behalf, rather than relying on a single bank’s offer.

A Quick Example

Imagine a borrower with a $650,000 loan.

• A slightly lower variable rate could reduce repayments and improve cash flow.
• A fixed rate might cost a little more, but it could provide certainty for the next few years.
• A split loan could provide a balance between the two.

The “best” option depends on whether that borrower is focused on saving money, reducing risk, or improving flexibility.

Not Sure Which Loan Structure Is Right for You? Choosing between fixed and variable isn’t just about predicting the RBA—it’s about choosing a loan that fits your income, savings, future plans, and comfort level with risk.

If you’d like a personalised comparison, the team at QMP Financial can help you review your current loan and explain the pros and cons of each option.

At QMP Financial, we’re currently helping many clients with:

• refinancing from older fixed rates,
• reviewing whether their current variable rate is still competitive,
• structuring split loans,
• and using equity to purchase investment properties.

In many cases, clients are surprised to discover they may be able to secure a better rate or a more suitable loan structure simply by reviewing their options.

Book your free finance consultation today and find out whether a fixed, variable, or split loan makes the most sense for your situation.

The post Is Now the Right Time to Fix Your Home Loan? A Guide for Australian Borrowers first appeared on Mortgage Brokers Brisbane Gold Coast.

What Does EOFY Mean?

The end of the financial year marks the close of Australia’s annual tax period, running from 1 July to 30 June. It’s the time when individuals and businesses review their financial position, finalise records, and prepare to meet their tax obligations.

Whether you’re a PAYG employee, self-employed, running a small business, or managing investment properties, EOFY is an important opportunity to get your finances in order and start the new financial year on the right foot.

Why EOFY Matters

For many Australians, EOFY is more than just lodging a tax return. It’s a chance to take a closer look at spending habits, review financial goals, and ensure everything is up to date.

If you’ve purchased an investment property, started a side business, changed jobs, or received income from multiple sources during the year, now is the time to make sure those details are properly accounted for.

Documents You’ll Need for EOFY

One of the most important steps is gathering all the documents you’ll need. This may include:

• Income statements
• Investment income records
• Receipts for work-related expenses
• Bank statements
• Documentation relating to deductions you intend to claim

Business owners should also ensure their financial records are accurate and complete, including profit and loss statements, balance sheets, invoices, and records of business expenses.

Make EOFY Easier with Digital Tools

The good news is that technology has made EOFY preparation much easier than it used to be. Accounting platforms such as Xero, MYOB, and QuickBooks can help automate record keeping, track expenses, and generate reports when needed.

Keeping digital records throughout the year can significantly reduce the workload when tax time arrives and help ensure important information isn’t overlooked.

Important EOFY 2026 Tax Return Dates

Timing is critical when it comes to meeting your tax obligations.

Individual tax returns for the 2025–2026 financial year can be lodged from 1 July 2026 and are generally due by 31 October 2026.

If you’re working with a registered tax agent, you may be eligible for an extended lodgement deadline, provided you’re registered with them before the October cut-off.

For businesses operating through a company structure, lodgement deadlines may differ, with many company tax returns due in early 2027. It’s always a good idea to confirm your specific deadline with your accountant or tax professional.

EOFY Is Also a Good Time to Review Your Mortgage

If you’re a property owner or investor, EOFY can be a valuable time to review your lending arrangements.

With rising living costs and ongoing interest rate changes, many Australians are taking a closer look at their finances. Reviewing your mortgage, checking whether you’re still on a competitive rate, and exploring refinancing opportunities could potentially improve your cash flow and overall financial position heading into the new financial year.

A simple review could reveal opportunities to reduce repayments, access equity, or better align your loan with your current goals.

Don’t Leave It Until the Last Minute

One of the biggest EOFY mistakes is waiting until June to start organising documents. Last-minute preparation often creates unnecessary stress and increases the risk of missing important information.

Starting early gives you time to gather records, identify any gaps, seek professional advice if required, and ensure everything is ready when lodgement opens.

While EOFY can seem daunting, it doesn’t need to be. Staying organised, keeping accurate records, and seeking guidance from trusted professionals can make the process far smoother.

More importantly, EOFY is an opportunity to reset, review your financial position, and put plans in place for the year ahead.

If you’d like to review your current mortgage, explore refinancing opportunities, or discuss your financial goals for the new financial year, the team at QMP Financial is here to help. Contact us today and let’s make sure you’re heading into the next financial year with confidence.

The post Feeling the EOFY Stress? Here’s How to Get Ahead for 2026 first appeared on Mortgage Brokers Brisbane Gold Coast.

Recent data shows that this period of rate cuts is creating both opportunity and affordability pressure for Australians hoping to buy or upgrade homes. As the cost of borrowing drops, competition in the housing market is heating up — and so are the prices.

The House Price Climb Continues

All eight capital cities recorded house price increases in the June quarter, a milestone not seen in years. Sydney, Brisbane, Adelaide, and Perth reached record highs, while Melbourne and Hobart posted their strongest results in some time.

Sydney’s median house price, for example, rose 2.6% to a new record of $1.7 million. Melbourne followed with a 2.3% increase, reaching $1.06 million. Much of this price growth is being driven by increased borrowing capacity — a direct effect of the recent rate cuts.

The influence of rate cuts extends beyond houses. Apartment prices have also surged, with affordability concerns pushing more buyers toward units. Domain’s latest data showed that national unit prices climbed to a new high of $689,588 — the strongest quarterly growth in two years. Cities like Brisbane and Adelaide are seeing extended runs of unit price growth, while Darwin and Canberra led the nation in recent quarterly gains.

However, the biggest issue remains supply. Nicola Powell, Chief of Research at Domain, warned that price pressures will continue unless there is a substantial increase in housing stock — regardless of how many rate cuts are implemented.

Upsizers Take Advantage of Rate Cuts

Despite challenges, mortgage brokers are reporting a noticeable shift. Rate cuts are giving many homebuyers the confidence — and borrowing capacity — to consider upsizing. Families who may have previously been priced out of larger homes are now actively exploring their options.

Brett Sutton, a broker at Two Red Shoes, noted an increase in demand from young families wanting more space. Many had initially bought apartments or townhouses and are now using the opportunity created by the rate cuts to move into bigger homes. He described the current market as a “window of opportunity” that could close within the next six months as prices catch up.

Even amid global economic uncertainty, the current cycle of rate cuts appears to be restoring buyer confidence. While many remain cautious, the Reserve Bank’s direction is giving people the reassurance they need to act.

Still, affordability challenges linger in high-cost cities like Sydney. Sutton pointed out that growth in Sydney is limited not by interest in buying but by how much people can actually borrow. In his view, any further price movement will likely depend on whether additional rate cuts increase borrowing power even more.

A Market in Motion

Whether it’s first-home buyers, growing families, or investors, rate cuts are reshaping the Australian property landscape in real time. They’re making borrowing easier but also driving prices higher — creating both opportunity and urgency.

Thinking of making a move? Now could be the time to explore your options while rates are low. Reach out today for a personalised review of your borrowing capacity and take the next step toward your property goals.

The post Can Rate Cuts Really Make Buying a Home Easier? first appeared on Mortgage Brokers Brisbane Gold Coast.

Refinancing Activity Hits New Highs

According to the Australian Bureau of Statistics, external owner-occupier refinancing jumped by 12% in the final quarter of 2024 compared to the previous quarter. This increase reflects a broader shift in borrower behaviour, as homeowners seek to reduce monthly repayments and escape higher interest rates locked in during previous loan terms.

This surge is supported by positive sentiment: over 80% of borrowers now feel either optimistic or neutral about their financial outlook, according to research from the Mortgage & Finance Association of Australia (MFAA).

Why Are More People Refinancing Now?

Several factors are driving the refinancing wave:

• RBA rate movements: Earlier this year, the Reserve Bank of Australia paused and then slightly eased the cash rate, which signalled to many borrowers that now is a good time to act.
• Lower refinancing hurdles: Lenders can now apply a reduced 1% serviceability buffer (instead of the standard 3%) for simple, like-for-like refinances. This regulatory change makes it easier for some borrowers to qualify for a refinance.
• Desire to beat the “loyalty tax”: Borrowers are realising that staying with the same lender doesn’t always pay off. New customers often receive more competitive rates than existing ones.

Mortgage Stress Is Easing – But Not for Everyone

While mortgage stress has decreased—falling from 49% to 24% of brokers reporting high levels of client stress over the past year—it hasn’t disappeared. Some borrowers, despite steady income and good repayment history, still struggle to refinance due to tight lending standards.

These borrowers often find themselves in “mortgage prison,” where they can’t qualify for a new loan even though it could lower their repayments. That’s why understanding your options—and getting professional advice—is more important than ever.

Mortgage Brokers Are in High Demand

With lending conditions varying across banks and non-bank lenders, navigating the refinancing process can be overwhelming. This is where mortgage brokers play a vital role. They can:

• Compare interest rates and loan features across multiple lenders
• Assess borrowing capacity under new rules
• Advocate for better deals with current or new lenders
• Help first-time refinancers understand the process

As the market becomes more complex, more borrowers are seeking out broker support to make informed decisions.

Is Now the Right Time to Refinance?

Refinancing isn’t for everyone, but for many Australians, it’s a smart financial move—especially in today’s rate environment. If your current home loan is more than two years old or your financial circumstances have changed, it may be worth reviewing your loan with the help of a professional.

By understanding the current trends and taking advantage of the latest lending changes, you can reduce your repayments, gain more flexibility, and regain control of your financial future.

Whether your fixed rate is ending soon, your circumstances have changed, or you simply want to see if there’s a better deal out there—we’re here to help.

Book your free home loan review today and let’s see what refinancing options are available for you.

The post Why Refinancing Is More Popular Than Ever in Australia first appeared on Mortgage Brokers Brisbane Gold Coast.