Refinancing in Adelaide: what you need to know in 2025
Adelaide homeowners carry a median mortgage balance of around $470,000 — significantly below Sydney and Melbourne — but that hasn't insulated them from the impact of the 2022–2023 rate rises. An Adelaide borrower on a $470,000 loan paying 6.6% instead of the market-best 5.69% is still overpaying by approximately $360/month. Over the remaining loan term, that adds up fast. If you haven't reviewed your loan in the past 12–18 months, the odds are high that savings are available.
Adelaide's property market has been one of Australia's quietly strongest performers — median house prices have grown consistently, driven by interstate migration from higher-cost cities, defence and renewables sector jobs growth, and very limited housing supply in desirable suburbs. That growth has improved LVRs for many Adelaide homeowners, opening access to better rate tiers.
Is now a good time to refinance in Adelaide?
Adelaide presents a particularly clean opportunity right now. Property values have grown strongly, LVRs are improving, the RBA is cutting rates, and many borrowers are still on rates set 2–3 years ago. Savings of 0.7–1.0% off your current rate are not unusual for Adelaide borrowers who haven't shopped around. On a $470,000 loan, that's $275–$390/month — meaningful money in any budget.
Adelaide property market snapshot
| Median house price (Adelaide metro) | $780,000 |
| Median unit price | $480,000 |
| Median new mortgage balance | $472,000 |
| Average existing variable rate | ~6.5% p.a. |
| Our best variable rate (from) | 5.69% p.a. |
| Average monthly saving (our clients) | $360 |
Sources: CoreLogic, ABS, REISA, RBA. Rates as at June 2025.
Defence sector and government borrowers
Adelaide has a large proportion of defence force and government employees, and several lenders offer specialised products for ADF members — including higher LVR allowances (up to 95% without LMI in some cases), deployment income treatment, and streamlined assessments for permanent government employees. If you or your household has an ADF, public service, or SA Health employment connection, tell us upfront so we can identify lenders where your profile is most valued.
Adelaide suburbs we serve
We service all of Greater Adelaide, including: Norwood, Burnside, Unley, Kensington, Prospect, Walkerville, Mawson Lakes, Para Hills, Elizabeth, Salisbury, Gawler, Morphett Vale, Noarlunga, Christies Beach, Aldinga, McLaren Vale, Happy Valley, Modbury, Tea Tree Gully, and all suburbs across metropolitan SA.
Adelaide refinancing cost overview
The all-in cost to refinance an Adelaide home loan is typically $700–$1,200. This includes discharge fees from your existing lender ($150–$350), valuation ($0–$300 — often waived by competitive lenders), and new lender application fees ($0–$500). With average savings of $360/month, most Adelaide borrowers recover their switching costs within 2–4 months. We provide a full cost-benefit breakdown before you commit to anything.