Student loans could shrink high-income earners’ borrowing capacity by almost $100,000, according to new Compare the Market research. A single income earner on $125,000 with no dependants could see their borrowing power reduced by $95,900 if they’re paying off an average HECS debt of $26,494. How HECS debts impact borrowing power based on salary size Income HECS debt repayment pa […]
Travellers could be facing a present-sized hole in their travel budget during the end-of-year festivities, as research from travel insurance comparison site Compare the Market reveals a difference of hundreds of dollars between the cheapest and most expensive days to fly this December. Using Skyscanner for a single one-way ticket for the cheapest available flights, […]
It seems we’re under the influence, with half of Australians surveyed admitting they’ve bought items because of social media, according to new Compare the Market research*. The research found that 50.1% of respondents made purchasing decisions based on what they saw on their social media feeds, whether it was a product featured by an influencer, an enticing ad, or even suggestions from […]
While most people watch their household budget like a hawk, new Compare the Market research has revealed that Australians are still on the hunt for a bargain this Black Friday and Cyber Monday sales. Unfortunately, it’s not for grudge expenses like insurance or utility bills, but rather for small luxuries. According to Compare the Market’s […]
There weren’t many winners on Melbourne Cup Day as the Reserve Bank of Australia left the cash rate on hold to stop the inflation horse bolting away. The cash rate has remained on hold at 4.35% – its highest point in over a decade – since November last year. Compare the Market’s Chris Ford said […]
Australians are back on deck for a bigger and better cruise season in 2024, with new Compare the Market research revealing holidaymakers will splash an average of $4,200 on a nautical vacation.* Furthermore, the travel insurance comparison site, found that nearly one in four (24%) had either booked a cruise or planned to board a ship in the next […]
You’d expect that certain bills will cost the same no matter if you pay them monthly, quarterly or even annually. Yet the latest Compare the Market research has found that there are instances where people may be forking out more for the same service by paying monthly. Across three different car models, Compare the Market […]
Compare the Market is warning that some Victorian households with solar will see their solar feed-in tariffs dramatically decrease from 1 November, with a scheme that saw tariffs of at least 60 cents/kWh to be discontinued across the state. While these customers will have already been notified by their retailer of the upcoming changes, there […]
Some spooky statistics arrived just in time for Halloween: About 40% of Australians have credit card debt, while 18% have an outstanding Buy Now Pay Later (BNPL) debt. According to Compare the Market’s Household Budget Barometer 2024, two-thirds of adult Australians surveyed have some type of debt that isn’t a home loan.* While good financial management is […]
More than half of Australians could be putting their health at risk, with worrying new research from Compare the Market revealing that 51.1% of Aussies surveyed admit to avoiding professional help for health issues.* The research found that around 1 in 5 people surveyed (19.5%) are taking matters into their own hands by Googling their […]
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