The Reserve Bank of Australia’s (RBA) decisions on interest rates can significantly influence your mortgage and financial outlook. Whether you’re buying a home in Burleigh, refinancing in Robina, or investing in Southport, understanding how to respond to these rate changes is key.
Here on the Gold Coast, where property demand and interstate migration continue to thrive, it’s more important than ever to make sure your home loan is working in your favour.
What Are RBA Interest Rates?
The RBA sets the official cash rate monthly (except January), which determines the cost at which banks borrow money — and ultimately affects your mortgage rate.
- When rates rise: Mortgage repayments increase
- When rates fall: Borrowing becomes cheaper
- When rates hold steady: It’s still worth reviewing your loan — lenders don’t always pass on changes equally
Why It Matters on the Gold Coast
The Gold Coast market is uniquely positioned with a strong lifestyle appeal, a steady stream of buyers, and resilient property values. Local conditions combined with national interest rate movements mean that your mortgage strategy should be reviewed regularly, not just when you buy.
Strategies to Take Advantage of RBA Rate Movements
1. Review & Refinance Your Mortgage
If you haven’t reviewed your home loan in over 12 months, there’s a good chance you’re overpaying. Banks don’t always reward loyalty.
Example: Refinancing a $600,000 loan to a rate 0.5% lower could save over $3,000 per year.
2. Consider Fixed, Variable or Split Loans
Choosing between a fixed or variable rate can be challenging in a changing rate environment. A split loan can offer a mix of stability and flexibility, depending on your financial goals.
3. Use an Offset Account Effectively
Linking an offset account to your mortgage can reduce the interest you pay over time — a simple but powerful strategy, especially if you keep savings on hand.
4. Maintain Higher Repayments
If rates drop but your budget allows, consider keeping repayments at their previous (higher) level. This helps reduce your principal faster and build equity.
Meet Angelique Sheedy – Your Local Mortgage Expert
Understanding interest rates is one thing — but knowing how to act on them is another.
Angelique Sheedy, our experienced mortgage broker based on the Gold Coast, works with clients from all walks of life — first-home buyers, investors, upgraders — to structure smart, tailored lending solutions. She compares options across 30+ lenders and will ensure you’re getting the most competitive deal on the market.
Take Control of Your Mortgage Strategy
With interest rates continuing to move and lender policies constantly shifting, now is the time to act.
Speak with Angelique Sheedy today for personalised, expert guidance on making RBA interest rate changes work in your favour.
