Renovation Refinance › What does it cost to refinance for a renovation?

What does it cost to refinance for a renovation?

Costs can include a valuation, loan or application fees, government registration fees, and a discharge fee if you leave your current lender. A top up usually costs less than a full refinance.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

The costs are generally modest next to the renovation budget, but worth knowing. A valuation confirms your equity, and a construction style loan may involve extra inspection costs at each stage. If you refinance away from your current lender, factor in a discharge fee. A broker can total the likely costs so they do not surprise you mid project.

The key points

Valuation, loan, and registration fees may apply.
Leaving your lender can add a discharge fee.
A top up usually costs less than a full refinance.
Construction style loans may add inspection costs.

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.