Did you know that simply paying your mortgage weekly instead of monthly can greatly reduce the total interest you pay over the life of the loan?

Not only that, your loan may be paid off up to 5 years faster!*

All without actually investing any additional money into repayments on the property!

This is why simply switching your property management service to the Raine & Horne Gladstone team can make a huge difference to your financial future.

You see, we don’t just say we go above and beyond for our clients - we actually do the work and deliver results!

Traditionally, most property managers will disperse your income payments monthly. And this works fine for many people, but it doesn’t give you the opportunity to enjoy the financial benefits of receiving payments weekly to pay off the property.

We go the extra mile and give our property owners the choice to receive weekly payments.

Yes this is a bit more paperwork on our end, but we’re happy to do it because we know the true value of delivering results to our clients.

Are you ready to make the “Smart Switch” for your Property Management?

Simply fill in our form below or give us a call on 07 4972 1500 and speak to our team.

You can request a free rental appraisal from our friendly team here: https://www.raineandhorne.com.au/gladstone/rental-appraisal

How does making weekly loan repayments save you money and pay off your loan faster?

Loan interest is generally calculated DAILY and charged monthly by lenders.

This means that every single day which you have less money owing on the loan balance, the total interest calculated is less.

This effect compounds over time.

Since home loans are a long term arrangement (generally 30 years), this means the end results and differences of simply paying down the loan weekly instead of monthly are staggering.

How much difference does it make?

This question is impossible to answer with exact numbers, because every single loan is different. The end result is influenced by factors like:

The total loan amount
The interest rate %
Other factors

Basically, the larger the loan amount and the higher the interest - the greater the difference and benefit for you to pay down the loan weekly instead of monthly.

In general, here’s what we found based on articles and examples of around $500-600K loans with interest rates between 6-7%:

(*Please see below for links to references and articles with more information)

How much faster is a home loan paid off with weekly payments instead of monthly payments?

From most reports, you would pay off your loan around 4-6.5 years faster based on the example info.

How much interest do you save by making weekly home loan payments instead of monthly payments?

Based on the examples, on average you should save around 10-25% of the interest cost over the period of the loan.

Loans.com.au suggests you would save $126,347 IN THIS ARTICLE (Based on $500,000 loan with 6.04% interest rate) *Correct as of 28 July 2025

Canstar suggests you would save $209,349 IN THIS ARTICLE (Based on $600,000 loan at 6.83% interest, 30 Years) *Correct as of 28 July 2025

We will link below to other relevant articles you can check out which have a lot more information about how this works, but here are some of the basic estimates of how much better off you can be by making weekly loan repayments instead of monthly.

Here is an example from Canstar:

(Full article on Canstar website here: https://www.canstar.com.au/home-loans/weekly-fortnightly-monthly-repayments-better/)

Savings From Increasing Home Loan Repayment Frequency ($600k, 6.83%, 30 Years)

	Monthly Repayments	Weekly Repayments
Repayments per year	$3,924	$981
Total paid per year	$47,088	$51,012
Extra paid per year	–	$3,924
Total interest payable over 30-year loan term	$812,478	$606,129
Interest saved over 30 years	–	$209,349
Time saved	–	6 years, 7 months

Source: www.canstar.com.au – 30/01/2025. Average interest rate of 6.83% based on owner occupier variable loans on Canstar’s database available for a loan amount of $600,000, 80% LVR and principal & interest repayments; excluding introductory and first home buyer only loans. Calculations assume a $600k loan over a 30 year term. Fortnightly and weekly repayments calculated as half and a quarter of monthly repayments.

Are you ready to switch your property management to Raine & Horne Gladstone and receive weekly payments?

Simply Contact Us and we will be happy to help!

Switching is much easier than you think!

We take care of the whole process for you, hassle-free.

Links to more references and articles mentioned:

https://www.loans.com.au/home-loans/first-home-buyer/does-paying-your-mortgage-fortnightly-save-money

https://homestarfinance.com.au/blog/refinance/weekly-vs-fortnightly-vs-monthly-home-loan-repayments/

https://www.canstar.com.au/home-loans/weekly-fortnightly-monthly-repayments-better/

*Please note, this article is not financial advice. Raine & Horne Gladstone cannot take responsibility for the accuracy of the information provided by other websites and articles. We are simply presenting the information to you and encourage you to do your own research and calculations based on your specific circumstances. All homes, home loans, situations and personal circumstances are different. As always please do your own due diligence on any financial transaction and check with all parties before doing so.

Paying your mortgage weekly vs monthly - how much faster can you pay off your investment?