The start of a new financial year is a clean slate. It’s when people set fresh goals, get on top of their finances, and tell themselves, this year will be different. But if you’re serious about building wealth, paying off debt faster, or growing a property portfolio, there’s one area you can’t afford to ignore: your lending strategy.
Whether you’re an investor, a homeowner, or someone who’s been putting things off, now is the time to reset and make sure your loans are working for you, not the other way around.
Here are five smart lending moves to start the new financial year on the right foot.
1. Review Your Loan Health
Most people set and forget their loans. Which is fine if you want to pay more than you need to, but a solid lending setup can save you thousands a year. Ask yourself:
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Is your interest rate still competitive?
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Are you using the right structure? (Fixed rate, variable rate, interest-only, principal and interest?)
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Are there better offers out there?
Spoiler: There usually are. Lenders rarely reward loyalty. If you haven’t reviewed your loan in the past 6 to 12 months, it’s probably time to renegotiate or refinance.
2. Check Your Equity Position
The past year saw plenty of property movement. You might have more equity than you think. Or you might be sitting on dead equity that’s holding you back.
Now’s the time to:
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Order valuations through your broker (Zinger can help you with this)
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Reassess how much usable equity you have
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Look at options to release that equity and put it to work, whether that’s for investing, renovating, or consolidating other debts
Don’t leave money sitting idle when it could be helping you move forward.
3. Reassess Your Borrowing Power
With the new financial year, your tax returns are (or should be) up to date. That gives brokers like Zinger more accurate numbers to work with. In many cases, this changes what lenders are willing to offer you.
If your income, debts, or expenses have changed over the past 12 months, your borrowing power might have too. This can open up new opportunities or highlight areas that need work before you make your next move.
4. Restructure to Accelerate Your Goals
This is the time to make sure your loan structure matches your goals. Want to buy more property? Pay off your home faster? Free up cash flow?
A strategic restructure could include:
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Switching to interest-only to boost your serviceability
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Using an offset account more effectively to save on interest
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Setting up the right trust structure if you’re investing
The right structure creates flexibility. The wrong one can stop you in your tracks.
5. Get Strategic, Not Sentimental
People get emotional about money. They hang onto the same lender, the same setup, the same habits. But that approach rarely delivers long-term results, especially when it’s no longer serving them.
But smart borrowers treat their lending like a tool. They review it, tweak it, and change it when it stops delivering results.
The most successful property investors and financial freedom chasers don’t wing it. They work with a broker who helps them see the full picture and take action when the time is right.
Ready to Make This Year Count?
If your loan hasn’t been reviewed in a while, or if your goals have changed, now is the time to get strategic.
Book a Financial Health Check with Zinger Finance and let’s get your money moving in the right direction from day one.
Because your future starts today, not next financial year.
