Mutch Financial Services in Sydney, Australia | Loan service

Mutch Financial Services

Locality: Sydney, Australia

Phone: +61 414 758 359

Address: Level 10, 23 Hunter St 2000 Sydney, NSW, Australia

Website: http://www.mutch.com.au/

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25.01.2022 Don’t forget there is a $25,000 HomeBuilder grant from the government if you are doing a renovation valued at between $150,000 and $750,000.

23.01.2022 RATE ANNOUNCEMENT AND MELBOURNE CUP TIP: rates are down to 0.10% from 0.25%. Melbourne Cup tip - put the money into your home loan (sorry, very boring) over the long term you’ll win more in saved interest OR Avilus. Here is the RBA minutes.... ...Continue reading

22.01.2022 When it comes to budgeting - this article may help!

17.01.2022 Where to for property in 2021? Predictions for this year range from AMP’s 2 per cent to ANZ’s 8.8 per cent, with CBA warning new COVID-19 outbreaks will put a lid on prices and turnover. Sydney completed 2020 up 2.7 per cent after a strong final quarter, despite a 2.9 per cent fall between April and September. Driving growth for Sydney and other capitals will be pent-up demand, economic growth and the relaxation of responsible lending rules, says Peter Koulizos, chairma...n of Property Investment Professionals of Australia. Top-end Vaucluse and other Sydney suburbs such as Connells Point and Kingsgrove have all recently posted record prices. Archistar’s Wilson says demand from owner occupiers in the mid-range $1 million to $5 million market will remain strong. Falling immigration is likely to continue pressure on vacancy rates, particularly in the inner CBD. Sydney CBD vacancy rates peaked at 16.2 per cent last May but fell to 9.5 per cent in November, according to SQM Research. Rich Harvey, a Sydney buyers’ agent, says large numbers of cashed-up returning expats will partly fill the gap left by overseas buyers. Agents also say properties in lifestyle areas within a two-hour commute of the central business district will remain popular. Overall, though, low interest rates, economic growth, pent-up demand and government stimulus are expected to buoy buyer demand and push up prices in key markets, some of which have been in the doldrums for years. This has to be balanced with concerns about new coronavirus outbreaks, falling immigration, rising unemployment and government assistance being scaled back. Information from Financial Review article.

14.01.2022 Merry Christmas all!!

13.01.2022 RBA RATE ANNOUNCEMENT (with hint or prediction below): no change to rates. The RBA’s current record low of 0.1%, has only been in affect for the past three months since the November 2020 meeting. According to some economists, 2021 will be about federal and state fiscal policy as opposed to lower rates.... The RBA will be closely monitoring the economic data focused on unemployment, property prices and consumer spending. KEY PREDICTION?? While rates are expected to stay competitive throughout 2021, the pace of interest rate cuts on home loans has slowed considerably across lenders of all size. Is this indicating Australia could be near the bottom of the cycle??

12.01.2022 Alexandria in the inner west recorded the single largest median house price increase, jumping 30.6 per cent to $1.9 million over the 12 months to December. It was followed by Clovelly, which saw the median house price jump 29.9 per cent to $3.45 million, and Cronulla, which grew 27.5 per cent to $2.2 million.

12.01.2022 Interesting article on rates - it isn’t always just about rates. There are other factors you need to consider.

11.01.2022 They shall grow not old, as we that are left grow old; Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them. We will remember them.

09.01.2022 Bit of fun on a Sunday! This shows we aren’t doing so bad with our banks here when comparing...

09.01.2022 RATE ANNOUNCEMENT - no change! At its’ last meeting for the year, the RBA Board has decided to maintain its current policy settings this includes holding the official cash rate at 0.10%. In a statement accompanying the decision, RBA Governor Philip Lowe said: In Australia, the economic recovery is under way and recent data have generally been better than expected. This is good news, but the recovery is still expected to be uneven and drawn out and it remains dependent on si...gnificant policy support. In the RBA's central scenario, it will not be until the end of 2021 that the level of GDP reaches the level attained at the end of 2019. In the central scenario, GDP is expected to grow by around 5 per cent next year and 4 per cent over 2022. ... Employment growth was again strong in October, although the unemployment rate increased to 7 per cent as more people rejoined the workforce. A further rise in the unemployment rate is still expected, as businesses restructure in response to the pandemic and more people rejoin the workforce. The unemployment rate is forecast to decline next year, but only slowly and still to be around 6 per cent at the end of 2022. ... The Board views addressing the high rate of unemployment as an important national priority. Its policy decisions over recent months will help here. These decisions are complementary to the significant steps taken by Australian governments to support jobs and economic growth. ... Globally, the news has been mixed recently. On the one hand, infection rates have risen sharply in Europe and the United States and the recoveries in these economies have lost momentum. On the other hand, there has been positive news on the vaccine front, which should support the recovery of the global economy. The recovery is also dependent on ongoing support from both fiscal and monetary policy. Hours worked in most countries remain noticeably below pre-pandemic levels and inflation is low and below central bank targets. ... Given the outlook for both employment and inflation, monetary and fiscal support will be required for some time. For its part, the Board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. For this to occur, wages growth will have to be materially higher than it is currently. This will require significant gains in employment and a return to a tight labour market. Given the outlook, the Board is not expecting to increase the cash rate for at least 3 years. The Board will keep the size of the bond purchase program under review, particularly in light of the evolving outlook for jobs and inflation. The Board is prepared to do more if necessary.

05.01.2022 Market update: prices are up in Sydney overall by 6.2%! - property prices are still around 20% below pre-COVID - Clearance rates in Sydney and Melbourne’s weekend auctions are regularly topping 80 per cent, which is generally considered proof of a healthy market, says CoreLogic, which monitors property markets.... - If our borders open next year there will be a squeeze on renters, which will probably drive prices up.

05.01.2022 After 2020... there’s no such thing as odd! Hope we get back to normal in 2021! Stay safe all

04.01.2022 Property prices are edging up again. Was that the bottom? Australia still has headwinds facing our economy; JobKeeper expires next year, travel and education hasn’t been able to re-start, and our biggest trading partner is still upset. Seeing investors showing interest again also - sign of confidence!?

03.01.2022 HUGE HUGE THANK YOU! To all my customers and supporters - thank you for allowing me to assist you with your finance! I was awarded the number one national broker spot with my aggregator for 2020 again (backing up 2019 and 2nd in 2018). I hope it always shows, I just love what I do!

02.01.2022 How are property prices trending in the final weeks of the year? You might be surprised... Sydney has risen 8.5% in the past 12 months.

01.01.2022 Normal year - no one buys or sells this early in the year. This year?? Dozens of auctions in Sydney and Melbourne over the weekend... While the major data houses are yet to issue clearance rates (they are still on holiday), early indications are a market that is maintaining momentum after capital city prices rose two per cent last year overall.