If you're hoping to move into your next property in Burpengary this year then you might not be alone, as figures suggest an increasing number of Australians are refinancing their home loans.
Switching to a new mortgage agreement accounted for 37.3 per cent of all home loans in December, the AFG Mortgage Index showed, making it the highest level since March 2012.
General manager of sales and operations Mark Hewitt said the last time people were keen to switch, it was because they wanted to make the most of the four-year high in fixed interest loan rates.
"This time round with speculation that interest rates are more likely to go down than up, borrowers are shopping around for the variable rate deal and avoiding fixed for the time being," commented Mr Hewitt.
Queensland saw the third-highest number of home loans being refinanced in December, as 39.9 per cent of all transactions dealt with by AFG involved switching to a new type of mortgage.
No matter what your property ambitions might be in 2015, make sure you speak directly to the experts at Ray White Burpengary.
Our team of real estate agents in Burpengary is on hand to guide you through the process and help you make a decision that's right for your needs.