Fear of missing out on holidays during the cost of living crisis could be leaving Aussie travellers with ‘debt lag’, with new research from Compare the Market revealing that as many as one in five people don’t pay for their vacation upfront. Recent research from the travel insurance comparison site has found 19.1% of Aussies […]
Aspiring home buyer’s borrowing capacity could increase by up to $47,000, thanks to the incoming stage-three tax cuts, according to new analysis by Compare the Market While this is great news for househunter hopefuls, Compare the Market Economic Director David Koch said there may be some unintended consequences, including higher property prices. “These tax cuts have the potential to […]
Think your car looks better in black? If you’re looking to save on your car insurance premiums, maybe check with your other-colour car friends first. New research from Compare the Market is warning motorists that they could be slugged with higher car insurance premiums based on the colour of their car. The car insurance comparison […]
It seems homeowners’ cries for a rate cut fell on deaf ears as the Reserve Bank of Australia (RBA) kept the cash rate on hold at Tuesday’s Board meeting. Despite the EU and Canadian central banks cutting their cash rate by 0.25% recently, the Board held their ground and said they wouldn’t be swayed by […]
Winter is coming and travel insurance comparison site Compare the Market has revealed the top international ski destinations for Aussies ahead of snow sport season. And it wasn’t the white mountains of Whistler or the Swiss Alps that took the top spot! Japan is at the top of the ski destination list, which shouldn’t be […]
The average Australian kid is getting $26 per week* in pocket money but Compare the Market Economic Director David Koch said parents could turn this into $50,000 by the time they turn 21 with one simple trick. A survey of 1,010 Australians in March 2024 found the average Aussie child had a weekly allowance of […]
Consumer advocates Compare the Market have backed calls for insurance companies and banks to stop hiking premiums and prices for loyal customers, while offering better discounts for new customers. Compare the Market is also calling on all insurers and banks to put their products on comparison sites, to make it easier for Australians to transparently […]
Job hoppers who forged the ‘great resignation’ have been warned that too many career changes could put their home loan applications at risk. A survey of 1,000 Australians in December found that more than a third of employed respondents were actively seeking a job change this year. Compare the Market Economic Director David Koch, said job stability was a major consideration for lenders when assessing a home loan application, and too […]
Australian homeowners could save tens of thousands of dollars and pay off their loan faster by making a small change to their repayments. Compare the Market crunched the numbers and found a person with a $600,000 loan could save over $160,000 in interest over the life of the loan and cut down their loan term […]
Baby boomers are often blamed for today’s inflated house prices but they’re the unsung heroes of today’s cost-of-living crisis – helping their offspring carry the cost of childcare, clothes and essentials, according to new Compare the Market research. Almost three-quarters of Australian grandparents surveyed said they had been supporting their family financially with 31% gifting money and providing childcare […]
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