Investment property refinancing

Refinance an Investment Property

Refinancing an investment property means moving your investment loan to a new lender or product. Investors refinance to get a lower rate, release equity for another purchase, switch between interest only and principal and interest or tidy up their loan structure.

We compare options across 50+ lenders and show you the costs before you decide.

Book a complimentary loan review

Why review your investment loan?

Rates, lender policies and your portfolio all change over time. A loan that suited you when you bought may not suit you now. We recommend reviewing your loan at least every year or two.

Features worth having

Offset account: money in the offset reduces the balance that interest is charged on.
Extra repayments and redraw: pay more when you can and access it later if you need to.
Repayment type: interest only or principal and interest, depending on your strategy.
Split loans: part fixed and part variable.

Each lender has its own terms, so we compare the features as well as the rate.

Releasing equity

If your property has grown in value, you may be able to borrow against the equity to fund a deposit on another property or a renovation. Many lenders let you borrow up to 80% of the value without lenders mortgage insurance, subject to your borrowing power. Read more about using property equity.

What does it cost to refinance?

Common costs include a discharge fee from your current lender, government registration fees, possibly an application or valuation fee and break costs if you're on a fixed rate. If you borrow more than 80% of the value, lenders mortgage insurance may apply again.

How the refinance process works

We review your current loan, rental income and goals.
We compare options across our lender panel and show you the break-even point.
You apply and the new lender values the property.
You receive formal approval and sign the documents.
The new lender pays out your old loan at settlement.

Frequently asked questions

Can I release equity when I refinance an investment property?

Often, yes. Many lenders let you borrow up to 80% of the property's value without lenders mortgage insurance. The extra can fund a deposit on another property, subject to your borrowing power.

Is refinanced investment debt still tax deductible?

It depends on how the money is used. Interest on borrowings used for the investment property is generally deductible, but money used for private purposes isn't. Speak to your accountant before you refinance.

How long does refinancing take?

Usually two to six weeks from application to settlement, depending on the lender, valuation and how quickly your current lender processes the discharge.

Talk to us about your investment loan

We'll review your current loan, compare options and show you the costs before you switch.

Get in touch

Or call us on (07) 3194 0888