If you’re a Perth homeowner, chances are your property has jumped in value over the last few years. With median house prices surging by 18% in just 12 months – adding more than $134,000 to the typical home – you may be sitting on more equity than you realise. Refinancing in Perth has become something on the top of everyone to-do list, as savvy investors and homeowners take strategic advantage of their home equity.
At the same time, thousands of Australians are taking advantage of lower rates and refinancing to unlock savings. If you haven’t reviewed your loan in the past couple of years, now is the perfect time to see what opportunities you might be missing.
Perth’s Equity Explosion: What’s Happened to House Prices?
The Perth market has been one of Australia’s standout performers:
- Median house price: around $780,000 (up 18% year-on-year, equating to ~$134K in added value).
- Median unit price: up 10.4% year-on-year, showing broad growth across the market.
- Premium properties: in 2025, Perth house prices across some suburbs are now averaging over $1.07 million.
For many homeowners, that means their loan-to-value ratio (LVR) has dropped significantly – creating opportunities to refinance at sharper rates, consolidate debt, or use equity for renovations or investment.
Refinancing Surge: You’re Not Alone
Australians are acting on these opportunities in record numbers:
- 65,030 loans refinanced in the March quarter of 2025 – a 5.1% quarterly rise.
- In the June quarter of 2025, over 108,000 owner-occupiers and 46,000 investors refinanced.
- Nationally, around 2.48 million Australians had already refinanced their home loan in the past year – or intended to within the next two years.
- Refinancing activity is now at its highest level since late 2023, according to ABS data.
The trend is clear: many Australians are already reducing repayments, freeing up cash, or leveraging equity.
What Refinancing Could Mean for You
Here’s how refinancing is delivering tangible benefits:
- Lower repayments: Canstar analysis shows a homeowner with a $600,000 loan who refinances from 6.86% to 5.75% could save over $12,000 in two years.
- Average annual savings: PEXA reports borrowers who switched lenders saved an average of $1,908 per year (with settlements taking around 4 weeks).
- Equity unlock: A Perth homeowner who bought at $780,000 and now sees their home worth $900,000 has roughly $120,000 in equity. Refinancing can make a portion of that equity accessible – for a renovation, investment, or other financial goals.
Read: Will refinancing save me money?
How to Approach the Refinancing Process
If you’re considering refinancing, here are the key steps:
- Work out your current equity – request an updated property valuation.
- Assess your goals – whether it’s lower repayments, accessing funds, or consolidating debt.
- Shop around – compare rates and features across lenders.
- Factor in costs – application fees, discharge fees, and possible break costs.
- Get expert help – a mortgage broker can do the legwork and find options that suit your needs.
Read our refinancing guide here.
Case Studies: Perth Homeowners Taking Action
Case 1: Lower repayments
Sarah had a $600K loan on a 6.8% variable rate. Refinancing to a 5.75% product cut her repayments by around $500 per month, saving $12,000+ in just two years.
Case 2: Unlocking equity
David bought in Perth for $750K in 2022. Today his home is worth $880K — an equity gain of $130K. By refinancing, he accessed part of that equity to fund a renovation while securing a sharper interest rate.
Case 3: Staying put but saving
Emma stayed with her current lender but refinanced to a better deal. It only took 3 weeks and she’s now saving almost $400 a year — without changing banks.
Why Now Is the Right Time
With Perth property values at record highs and refinancing activity soaring across the country, there’s never been a better time to review your home loan. Whether your goal is to reduce repayments, unlock equity, or fund your next project, refinancing could deliver real results.
If you’re curious about how much equity you have – or how much you could save by refinancing – let’s chat.
👉 Book your free refinance review today and find out what opportunities are available to you.
Disclaimer: The information provided on this blog is for general informational purposes only and does not constitute financial or professional advice. While we strive to provide accurate and up-to-date information, mortgage laws and regulations can change, and individual circumstances may vary. We recommend consulting with a qualified financial advisor or mortgage broker to assess your specific situation and needs. Base Home Loans is not responsible for any actions taken based on the content of this blog. Always conduct your own research and consider seeking professional advice before making financial decisions.
