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Refinances at record monthly high in NSW, QLD


Mortgage Business
Refinances at record monthly high in NSW, Qld
By Malavika Santhebennur
26 July 2021
Refinancing has soared to near record highs across the eastern states amid low-interest rates and prospects of rate rises, according to PEXA research.
Digital property settlements platform Property Exchange Australia’s (PEXA) Refinance Insights for the 2021 financial year (FY2021) has revealed that over 11,000 refinances in NSW and 5,000 refinances in Queensland were completed in June 2021.
These volumes are the highest observed in the past two years, according to PEXA.
In Victoria, nearly 11,500 refinances were completed in June 2021, equalling its previous record in June 2020.
This is significant because the high refinance levels experienced in June 2020 were likely driven by the double interest ....

Malavika Santhebennur , Business Accelerator Program , Property Exchange Australia , Refinance Insights , Money Management , மாலவிகா சந்தெபெண்னுர் , வணிக முடுக்குப்பொறி ப்ரோக்ர்யாம் , ப்ராபர்டீ பரிமாற்றம் ஆஸ்திரேலியா , பணம் மேலாண்மை ,