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 […]
Owning and buying a property could now be more affordable than the median price of rent in a number of Australian suburbs, after the national median surpassed $600 a week. New Compare the Market analysis shows mortgage repayments on a $400,000 loan, at an interest rate of 5.99%, could be as low as $552. While […]
It’s a safe bet to say that we’re a pet-loving country, yet, new research from Compare the Market has found that we may not be taking care of our pets as much as we should. The latest findings from the pet insurance comparison site found that almost two in five pet owners ( 39.2%) had […]
With reports of youth crime continuing to impact communities across the nation, new research from Compare the Market has revealed the security measures Australians are implementing to protect their homes. The latest data found that 41.4% of households have taken precautions within the last 12 months to safeguard their property against youth crimes. This follows […]
A staggering number of young Australians have relied on the Bank of Mum and Dad (BOMAD), their family, friends or partners to beat the cost-of-living crisis, according to a recent Compare the Market survey.* More than half of Gen Z (51%) and almost a third of Millennials (31%) had asked their families for help with […]
The cost of buying a home in our capital cities is now 14 times our annual income, up from 5 times the annual income from 1990.1 Compare the Market Economic Director David Koch said wage growth had not been commensurate with eyepopping house prices. “It’s hardly controversial to say Baby Boomers had it better than […]
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