If your fixed rate is ending in 2026, you're facing a significant jump in monthly repayments — and you're not alone. Thousands of Logan, QLD homeowners who locked in rates between 1.99% and 3.5% during 2020-2022 are now seeing those rates expire, with standard variable rates sitting around 5.50% as of April 2026.

The good news is that you have more control over the outcome than your current lender might suggest. Whether you're in Springwood - Browns Plains or Loganholme , competitive variable rates from 5.08% p.a. are available — but only if you're willing to move for them.

Cube Loans helps Logan, QLD homeowners compare refinancing options across 60+ lenders, completely free of charge.

Here's what you need to know before that fixed rate expires — and how to avoid paying more than necessary.

What happens when my fixed rate ends?

When your fixed rate expires, you automatically move to your current lender's standard variable rate — which is typically their least competitive offering. Most major banks sit around 5.50% variable as of April 2026, while competitive rates from specialist lenders start from approximately 5.08% p.a. That difference costs real money over the life of your loan.

Can I get a better rate by staying with my current bank?

Sometimes — but rarely their best rate. Most lenders reserve their sharpest pricing for new customers, not existing ones rolling off fixed terms. Your bank may offer you a "retention rate" that's better than their standard variable, but it's unlikely to match what they're advertising to attract new borrowers.

Government schemes and refinancing options

• Standard refinancing: switch to a new lender at current market rates — no government involvement required.
• Equity release: if your property has increased in value since purchase, you may be able to access equity at the same time as refinancing for renovations, investment property deposits, or debt consolidation.
• Investment loan refinancing: if this property is now an investment, interest-only options and tax-deductible structuring may be available through specialist lenders.

• Cube Loans Not sure which lenders will offer you the best deal? Refinancing rates vary significantly between lenders, and your current bank rarely offers their best pricing to existing customers. A free chat with a Logan mortgage broker gives you a clear picture — no commitment, no pressure. Free 15-min chat 60+ lenders No obligation Book a free chat today →

How do I refinance when my fixed rate ends?

Step 1: Talk to us

Get in touch and we'll assess your current loan terms, property value, and income to identify which lenders will offer you the most competitive refinancing package.

Step 2: Get your property valued

We arrange a current valuation to establish your loan-to-value ratio. If your property has increased in value since purchase, this may improve your rate and give you access to equity.

Step 3: Compare your options

We present rate and feature comparisons from our 60+ lender panel, including banks, credit unions, and specialist lenders, so you can see exactly what's available to you.

Step 4: Lodge your refinancing application

We handle your application paperwork and coordinate with your chosen lender. Most refinancing applications settle within 4-6 weeks if documentation is complete.

Step 5: Coordinate the switch

We manage the discharge process with your current lender and ensure your new loan settles on time. You don't need to handle the paperwork between lenders.

Step 6: Confirm your new rate

Once settled, your repayments move to your new rate immediately. We follow up to ensure everything is working as expected and answer any questions about your new loan features.

What mistakes do homeowners make when fixed rates end?

The biggest mistake is doing nothing. Many Logan homeowners simply accept their lender's standard variable rate because they assume refinancing is complicated or expensive. In reality, most lenders cover refinancing costs for good applications, and the rate difference typically pays for any switching costs within months.

The second mistake is negotiating with your current lender without knowing what other lenders offer. Your bank's "best offer" may still be 0.30% higher than a competitor's standard rate — and over a 25-year loan, that difference adds up to thousands of dollars.

How much could refinancing save me?

The savings depend on your loan balance and rate difference. On a typical $600,000 loan in Logan Central , moving from a 5.50% standard variable rate to a competitive 5.08% rate saves approximately $152 per month, or $45,600 over the remaining loan term. Even small rate differences compound over time.

• Offset account features: some lenders offer superior offset facilities that can reduce interest charges on your entire loan balance if you maintain savings in the linked account.
• Redraw flexibility: the ability to access additional repayments you've made varies significantly between lenders — some charge fees, others don't.
• Refinancing packages : many lenders waive application fees, valuation costs, and legal fees for refinancing customers with good equity positions.
• Professional packages: if you qualify for professional rates as a doctor, nurse, teacher, or accountant, some lenders reserve their best pricing for borrowers in these occupations.

• Cube Loans Ready to find out what rate you could be on? We compare loans from 60+ lenders across Logan, QLD. Free service, no cost to you. Free 15-min chat 60+ lenders No obligation Book a free chat today →

Frequently Asked Questions

How long does refinancing take?

Most refinancing applications settle within 4-6 weeks from lodgement. The timeline depends on valuation scheduling, document verification, and how quickly you provide any additional information the new lender requests.

Do I have to pay costs to refinance?

Many lenders waive application fees, valuation costs, and legal fees for refinancing customers with good equity positions. We identify which lenders offer fee waivers as part of your comparison so you know your total switching cost upfront.

Can I refinance if my property value has dropped?

Yes, but your options may be more limited if your loan-to-value ratio has increased. Lenders still refinance borrowers with higher LVRs, but rates and features vary depending on your equity position.

Should I fix my rate again or go variable?

It depends on your risk tolerance and rate outlook. Variable rates give you flexibility to benefit from rate cuts and make extra repayments, while fixed rates provide repayment certainty but limit your ability to pay down the loan faster.

Will refinancing affect my credit score?

A refinancing application shows as a credit enquiry, which has a small temporary impact. However, successfully managing a new loan and potentially improving your debt-to-income ratio typically benefits your credit profile over time.

Should I use a broker or go directly to my bank?

A mortgage broker, every time. Your bank can only offer their own products, while a broker compares rates and features across dozens of lenders to find the best fit for your situation. The service costs you nothing — we're paid by the lender after settlement.

What if I want to access equity for renovations or investments?

Refinancing is often the perfect time to access equity if your property has increased in value. We can structure your new loan to release funds for renovations, investment property deposits, or debt consolidation while securing a competitive rate on the entire balance.

Your Next Steps

Your fixed rate expiry doesn't have to mean accepting a higher rate than necessary. The difference between lenders can save you hundreds per month and tens of thousands over the life of your loan — which is exactly what a broker comparison is designed to find for you.

Ready to find out what rate you could be on when your fixed term ends? Contact Scott Beattie or Nevada Matthews for a free consultation or call 1800 774 756. We'll assess your situation across our 60+ lender panel and find the most competitive refinancing options for your property and circumstances.

Cube Loans · Loganholme and Logan, QLD · General information only — this article does not constitute financial advice. Please consider your own circumstances and seek professional advice before making any financial decisions.