Your fixed rate ends soon. What should you do now?
Keep the property through difficult periods.
Best for: Owners with a fixed rate expiring in the next 12 months
Fixed rates end on a known date — yet many owners let the loan roll onto the lender's default variable rate and only look at it months later. The expiry date is one of the few cash flow events you can see coming a year out.
Why this matters
The rollover rate is rarely the best rate available — it's the rate for people who don't ask. On a typical investment loan, the difference is real money every month, starting the day the fixed term ends.
POTENTIAL IMPACT
A 1% rollover gap on a $500,000 loan = about $5,000 per year
What to check
- The exact date your fixed rate expires
- The rollover variable rate you'd land on if you do nothing
- What your lender would offer if asked — and what other lenders are offering
- What the new repayment does to your monthly position, so there are no surprises
Who can help
Mortgage broker
A review of your options two to three months before expiry.
Your lender
Their best offer for your loan at rollover.
TAKE ACTION · EMAIL TEMPLATE
One email, three months before expiry
Copy email
Copy this message and send it to your broker two to three months out.
WHAT YOU'LL NEED
- Your loan statement showing the fixed term end date
USE AI TO HELP
Use AI to prepare for the broker conversation before your fixed rate rolls over.
Best prompt for this issue
Add your numbers and they'll be built into the prompt below. Leave anything blank to keep a placeholder.
My fixed rate ends on {expiryDate}, the loan balance is {loanBalance} and the rollover variable rate is {rolloverRate}. Identify what I should compare before speaking to my mortgage broker — rate, fees, repayments, offset, redraw — and calculate roughly what the rollover rate would do to my monthly repayment. State your assumptions.
Quick modes
WHAT TO PROVIDE
- fixed-rate expiry date
- loan balance
- rollover rate (from your lender)
- current repayment
ASK AI TO GIVE YOU
- a short summary of the situation
- the main issue
- missing information
- risks to investigate
- questions to ask
- the next three actions
Privacy: do not paste passwords, tax file numbers, bank account details or other sensitive personal information into an AI tool. If a document contains personal details it doesn't need, redact them before uploading.
What happens next
Your broker comes back with the rollover rate, your lender's counter-offer, and any alternatives. Decide before the expiry date — after it, you're paying the default rate while you decide.
Important considerations
- This is general information, not personal financial or legal advice. Confirm specifics with your own adviser before acting.
THE HOLD QUESTION
Do you know the exact date your rate changes, and what happens to your repayment that day?
NOT SURE WHAT TO ASK AI?
Ask a Better Property Question
Most people don't need more AI — they need to ask AI better questions. Type your question (or skip it) and copy a prompt that makes any AI tool ask you the right things first.
I am trying to understand this property issue. Before answering, identify any important information that is missing. Ask me only the questions that materially affect the answer. Once I respond, explain the issue in plain English, separate facts from assumptions, identify the main risks and give me the next three actions. Flag anything that should be confirmed with a qualified professional.
Privacy: do not paste passwords, tax file numbers, bank account details or other sensitive personal information into an AI tool. If a document contains personal details it doesn't need, redact them before uploading. This is a way to prepare — not financial, tax or legal advice.
Not sure what else to review?
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