Refinancing activity surged higher in the 2023 year due to rising interest rates and attractive incentives offered by major banks enticing borrowers to switch lenders, according to new research released by PEXA.
The volume of refinancing activity rose by 13.8 per cent to 450,177 nationally in FY23 and continued to rise significantly across all states.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
