A Christmas cash crunch is on its way for many Australian homeowners, after the Reserve Bank of Australia (RBA) increased the cash rate for the eighth consecutive month at today’s December Board meeting. The cash rate has hit a 10-year high of 3.1%, with RBA Governor Phillip Lowe confirming the 25 basis point increase. “Global […]
They say Christmas is the season of giving, but new research from Compare the Market shows that almost half of Australians are Scrooges when it comes to the gifts they receive over the holiday season. A recent survey of 1,002 people found that nearly one in two Aussies don’t keep the presents they receive if […]
Hundreds of thousands of Australians are shopping up a storm online as Christmas approaches for another year, but Compare the Market is warning people that stolen packages and parcels may not be covered by their contents insurance policy. On average, Australians will spend $716 on Christmas this year, so an unexpected Christmas burglary could rob […]
New data from Compare the Market shows that Australian drivers are paying nearly 200% more for fuel now than they were last September. In September 2021, the average weekly spend on petrol in Australia was $25.51 – but it increased to $44.45 in June this year and soared to $75.56 in October. This price rise coincides with […]
As the nation grapples with multiple cyberattacks, new Compare the Market research reveals that more than a third of Australians have fallen victim to a scam, often to the tune of thousands of dollars. Compare the Market’s October survey of 1,009 people found that victims of scams lose an average of $6,230, however, the actual […]
With thousands of Aussies hitting the road each day in caravans and campervans, Compare the Market is warning grey nomads to travel-proof their adventure or risk forking out more for their great Australian dream. While this unique rite of passage seems as simple as securing a caravan or motorhome and setting away, there are many […]
The Reserve Bank of Australia (RBA) has confirmed it is lifting the cash rate for the seventh consecutive month, with a 25 basis point increase following November’s Board meeting. The cash rate is now at an almost 10-year high following a quick-fire 275 basis point lift in only 181 days, with the RBA continuing to […]
Compare the Market is warning motorists that the days of cheap petrol are numbered, with a new fuel price cycle already pushing petrol prices above $2.10 a litre in many cities across Australia. However, there’s still a small window of opportunity to snag a deal at the bowser, with some retailers yet to pass these […]
Many Australians will be tightening their belts this Christmas, with new research from Compare the Market showing that almost half of Australians will be spending less or searching for savings as the cost-of-living crisis hurts the hip pocket. Compare the Market’s September survey of 1,002 people found that due to rising prices across the board, […]
With international borders reopened and cruise ships setting sail from Australian ports again, Compare the Market warns that holidaymakers may be stung with astronomical fees if the worst happens at sea by not taking out the correct travel insurance. Cruising is a very different type of vacation from most domestic and international holidays. As a […]
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