Almost half of Australians admit the rising cost-of-living has impacted their mental health with young people most impacted, according to a new study by Compare the Market. The nationally representative survey from the consumer comparison experts found 48.7% of Australians studied said they now experience or have exacerbated anxiety or depression due to money pressures […]
Homeowners hoping for mortgage relief have been urged to negotiate their own rate cuts or switch to cheaper rates in order to save in spite of the Reserve Bank decision to sit on the cash rate. Compare the Market Economic Director David Koch said that while today’s decision may be disappointing, there was hope for […]
Australians have relied even more on the bank of parents and grandparents to save money amid cost-of-living pressures, according to the latest research by Compare the Market. The consumer comparison experts’ annual survey of Australian parents and grandparents found one-in-six have helped purchase clothes, toys and essential items (15.9%) for their children or grandchildren in […]
Compare the Market is warning Australians without private hospital insurance that thresholds for the Medicare Levy Surcharge are changing on 1 July, but it doesn’t mean you won’t get hit this tax time. In a nutshell, the Medicare Levy Surcharge (MLS) is an additional tax for high-income earners who don’t hold an appropriate level of […]
What do Aussies want in a home? Compare the Market Australia has conducted a new survey to found out, by speaking to 1,000 respondents across the country. The study found that 73.8% of Australians find detached houses the most appealing to live in, followed by apartments (15.4%), townhouses (9.5%) and duplexes (1.3%) being the least […]
The rising cost of living can significantly impact people’s travel plans, and that’s more apparent than ever as Compare the Market reveals new research. The travel insurance comparison company surveyed more than 1,000 Australians to learn about their travel intentions, how the cost of living is affecting their travel plans, what they’ve budgeted for their […]
A new survey from Compare the Market finds that 12% of Australians have gone into debt to pay for medical expenses for themselves or for a loved one. This is despite Australia’s robust public health system covering a lot of necessary medical care. Medicare doesn’t cover everything, and patients with or without private health still […]
A new analysis of WHO data by Compare the Market AU finds Australia just misses out on a top 10 placement in the Active Vitality Index, which scores countries based on average life expectancy, average healthy life expectancy, and physical activity levels among the population. Australia placed a respectable 13th, just behind Ireland but ahead […]
Winter is here and as temperatures begin to plummet around the country, worrying new research from Compare the Market reveals that a third of Australians will shun heating to beat soaring electricity prices.* New research from the comparison service found 34.8% of Australians surveyed said they would use their heating less in a bid to […]
Second-hand cars are often more affordable than brand new ones due to age and previous use, but some cities have better average prices than others for the same make and model. Compare the Market has crunched the data, finding that Hobart has some of the cheapest average prices for popular used car models. Hobart had […]
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