Rohan Williams in Balwyn, Victoria | Mortgage brokers

Rohan Williams

Locality: Balwyn, Victoria

Phone: +61 414 984 748

Address: P.O Box 178 3126 Balwyn, VIC, Australia

Website: www.buyerschoice.com.au/Rohanwilliams

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12.01.2022 The delays in processing loans of recent times meant we need to change things for the economy.

11.01.2022 Budget 2020/21 released The federal government has handed down the 2020-21 Budget, outlining a range of tax cuts and spending initiatives aimed at creating jobs and boosting economic activity. The Budget was initially expected in May (and to focus on removing the deficit), but this was postponed once COVID-19 hit Australian shores and refocused to support economic growth and helping bring back jobs for the millions of Australians who are estimated to have lost them....Continue reading

06.01.2022 https://mailchi.mp/025068813b8a/budget-update

05.01.2022 Hi This week the RBA continued on its path of fiscal easing and made history by dropping the cash rate to an all time low of 0.10%. In addition to the headline rate reduction, RBA Governor Philip Lowe announced a $5Bn per week buying program, worth about 5% of GDP in total, along with a suite of lower rates for bank funding.... Mr Lowe also added that he anticipates rates will remain low for another 3 years or more. So what does this all mean for the average punter and what impact could this have on Mortgage Broking? As I am writing this, some of the impact is flowing through to a reduction in Fixed Rate Loans as the cost of these funds has become cheaper for the banks meaning they can lower fixed rates for customers without negatively impacting margins. At a time when a 2, 3 or 4 year fixed rate is lower than the best variable rate available should result in a number of clients leaning towards a fixed rate or blended home loan. As we know, fixed rate loans do come with restrictions and are not for everybody. Unemployment is currently high and the RBA are hoping this fiscal stimulus will help drive this down to more acceptable levels. This will also help with reducing the impact of the many loans which will again require a regular repayment. For those customers who have a job and/or income, there is a great opportunity to use these savings for investment and I expect we will see investor clients come back to market over the next six months to again compete with the higher number of first home buyers. Our industry thrives on activity and all of these factors are drivers of activity. This is likely to result in increased enquiry for good Mortgage Brokers.

03.01.2022 The economic fallout from the COVID-19 pandemic has triggered the largest quarterly contraction in GDP on record, new ABS data has revealed. According to the latest national accounts data from the Australian Bureau of Statistics (ABS), the country’s GDP plunged 7 per cent in the three months to 30 June 2020 the sharpest contraction since records began in 1959. This follows a 0.3 per cent decline in the March quarter, thus meeting the definition of a technical recession ...two consecutive quarters of negative GDP growth. The quarterly contraction was at the top of end of market expectations for a fall of between 5-7 per cent, and came amid the height of nationwide lockdown measures imposed to curb the spread of COVID-19. The contraction was driven by 1 2.1 per cent fall in household consumption, particularly spending on services, which fell 17.6 per cent. Reacting to the quarterly result, Commonwealth Treasurer Josh Frydenberg commented: [The] devastating numbers confirm what every Australian already knows. COVID-19 has wreaked havoc on our economy and our lives like nothing we have experienced before. But there is hope and there is a road out. Our plan for the recovery has seen hundreds of thousands of Australians already get back to work and thousands of businesses reopen their doors.