Some of the best home loans for investors and refinancers in January 2023

Rising inflation figures indicate that the Reserve Bank of Australia (RBA) is more likely to raise the national cash rate again later this year. With these hikes likely to be quickly passed on as higher mortgage rates, Australians hoping to invest in property or refinance their home loan may want to compare their options to make sure they’re getting value for money.

RateCity’s Home Loan Leaderboards can help make your home loan comparison simpler by ranking mortgage offers in different categories by their Real Time Ratings™. These simple star ratings combine each loan’s cost and flexibility to give you a quick way to compare the overall value they may offer.

(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)

Some of the best variable investor home loans 

Rising rents is one of the factors contributing to rising inflation statistics, along with higher labour and material expenses and fewer government construction grants affecting the cost of new dwelling purchases. Depending on your financial situation, investing in property could allow you to benefit from rental yields.

If you’re buying your first home as an investment in New South Wales, you can now replace stamp duty with an annual land tax, which could affect your buying budget and overall investment strategy.  

Some of the best refinance home loans

Refinancers may be able to opt for a home loan that offers cashback. Depending on your financial situation, this could benefit your household budget, potentially relieving some of the financial pressure from other areas of your life.

Just remember that with property values declining in many areas around Australia, it’s possible that you may be able to access less equity in your property than you expect. A free property report could help you to get an estimate of your property’s value before you start the refinancing process.

Some of the best investor 5-year fixed interest only loans

Investors hoping to minimise the impact of future rate rises on their budget may be able to opt for an interest-only loan at a fixed rate for up to five years. This could keep your repayments consistent for easier budgeting, though you won’t be paying off the property during the interest-only period, which could mean paying more interest in total over the longer term.

Compare home loans in Australia