Compare the Market’s Economic Director, David Koch, has urged the government to prioritise reforms that could help homeowners save money on their mortgages, as any further delays could “end up costing people thousands”. In December, the government announced it would review the Australian Competition & Consumer Commission (ACCC) Home Loan Price Inquiry recommendations from its […]
Holidays are meant to be the most cheerful time of year, but according to a recent Compare the Market survey, 38.3% of Australians are arguing with their loved ones over the rising cost of household bills. The bills causing the most arguments are groceries (76.8%), energy bills (65.6) and fuel costs (47.9%). Meanwhile, just over […]
Have you ever lied to your partner about how much something cost or kept a financial secret from them? You’re not the only one, with new research revealing we’re a nation of financial cheaters. According to a recent Compare the Market survey, almost a third of Australians have confessed to keeping financial secrets from their significant other (31.2%).* More than one in 10 […]
Debt consolidation has become the ultimate hangover cure for binge spending over Christmas according to Compare the Market’s Economic Director David Koch, as Aussies work to crunch over $18 billion in credit card balances accruing interest. With Reserve Bank data showing the average lending rate for credit card balance at whopping 17.98% in September, Mr Koch said lenders were expecting a […]
Rising costs have not deterred more than half of Australian homeowners planning renovations and home improvements, with new Compare the Market research showing small, low-budget upgrades remain popular.* More than half of Australian homeowners are planning to revamp their property within the next 12 months, according to a recent Compare the Market survey. A third […]
With hundreds of thousands of ‘Swifties’ set to descend on Accor Stadium in Sydney and Melbourne Cricket Ground next month for Taylor Swift’s Eras Tour, Compare the Market is warning concertgoers travelling from interstate to the concerts to safeguard their once-in-a-lifetime experience in case the worst happens. While many fans have already organised their tickets, […]
There may be a squeeze on the property market right now, but new Compare the Market research shows that almost 40% of Aussie homeowners are planning to sell their property within the next five years. Interestingly, around 30% of Aussie homeowners intending to sell are planning to downsize. According to the latest findings, 6.2% will […]
Families could be forced to fork out 23% more for items from their school booklist provider versus buying the individual items themselves from cheaper retailers this school year. According to Compare the Market’s latest research comparing a Brisbane state school’s booklist cost, only 4 out of the 28 items analysed were cheaper on the list […]
Compare the Market is warning Australians that electricity prices could remain high for the next decade, with consumers bearing the brunt of network transformations. Latest figures show wholesale electricity prices in the National Electricity Market were down around 50% on the previous year in many jurisdictions, leaving many to question why household energy prices remain […]
Despite the recent drenching of Australia’s east coast over the last month that damaged properties and left thousands of homes without power, new data from Compare the Market has found that only 17.8% of Aussies surveyed considered thunderstorm and hail damage as a top concern for their homes in the next 12 months. Furthermore, just […]
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