Paying off your mortgage sooner doesn’t always require drastic lifestyle changes. Here are five simple strategies that can make a big difference over time:
1. Switch to Fortnightly Repayments
By paying half your monthly repayment every two weeks, you effectively make an extra repayment each year.
2. Use Your Offset Account
Keeping savings in your offset reduces the interest you pay daily—without locking your money away.
3. Round Up Your Repayments
Even small increases (like rounding up to the nearest $100) can shave years off your loan.
4. Make Lump Sum Payments
Tax refunds, bonuses, or extra income can go straight into your loan.
5. Avoid Lifestyle Creep
As your income grows, consider increasing repayments instead of spending more.