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Fixed rate

Fixed rates for peace of mind.

Lock the repayment and take rate rises off the table for one to five years. The certainty is the product — we make sure you pay the right price for it, structure the split properly, and manage the expiry so the peace of mind doesn't cost you at the other end.

Reviewed · Adam King — 30 years in finance, Sunshine Coast

What a fixed rate buys you — and what it costs

A fixed rate does one thing extremely well: it makes your repayment a known number. For a set term — one to five years with most lenders — the rate is locked, the repayment doesn't move, and an RBA hike changes nothing about your monthly budget. For a household running close to its numbers, a young family on one income for a stretch, or anyone who simply sleeps better knowing the repayment can't move, that certainty is worth real money. The price of certainty is flexibility. Extra repayments on a fixed loan are usually capped (commonly $10K–$30K a year), offset is typically unavailable or partial, and leaving early — refinancing, selling, or restructuring inside the term — can trigger break costs that run to tens of thousands if rates have fallen since you fixed. Fixed pricing is also a signal, not a promise: lenders set fixed rates from where they think the cash rate is heading, and the market is often wrong in both directions. The structure that captures most of the benefit with less of the cost is the split: fix a portion for repayment certainty and keep the rest variable with a full offset and unlimited extra repayments. Most lenders allow several splits inside one facility, so the fixed share can be staggered across different terms rather than expiring all at once. The part almost nobody manages is the expiry. When a fixed term ends the loan rolls to the lender's revert rate, which is rarely their sharpest — that's where the loyalty tax lives. We diarise every client's fixed expiry, re-price the loan before it rolls over, and renegotiate or move the loan as part of the same six-monthly review we run on every file. Fixed for peace of mind works when someone is watching the other end of the term.

Where fixed is the right call

  • Budget certainty matters more than flexibility — the repayment needs to be a known number for the next few years.
  • A defined hold: you know you'll keep the loan and the property for at least the fixed term.
  • One income for a period — parental leave, study, a business being built on the side.
  • First home buyers at the top of their borrowing range who want the first years predictable.
  • As half of a split — fixed for certainty on one portion, variable with offset on the rest.
  • You'd genuinely lose sleep over a rate rise. Peace of mind is a legitimate reason to fix.

The fine print that matters before you fix

  • Break costs: leaving a fixed loan early (refinance, sale, restructure) can cost tens of thousands if rates have fallen. Fix a term you're confident you'll see out.
  • Extra repayments: usually capped at $10K–$30K a year during the fixed term; unlimited on most variable loans.
  • Offset: usually unavailable or partial on fixed. A limited number of lenders offer 100% offset against fixed — worth asking for if offset is central to how you run money.
  • The revert rate: when the term ends, the loan rolls to a rate that's rarely competitive. Diarise the expiry — or use a broker who does it for you as standard.
  • Rate locks: between approval and settlement, fixed pricing can move. Most lenders offer a rate-lock for a fee — on a big loan it's often worth it.

Take it to a broker

Fixed, variable, or split — modelled on your file.

We'll show you indicative repayments fixed and variable across three lenders, model the split, and tell you which structure suits the way you actually run money. And when the fixed term ends, we're already watching the expiry.

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Questions you might have

The honest answers.

Real numbers · honest answers

Certainty, priced properly.

We'll price fixed and variable across the panel for your file, model the split, and manage the expiry when the term ends.

Keep reading

General information only — not personal credit advice. Rates and figures shown are indicative and subject to confirmation against current lender pricing and policy.