The Reserve Bank’s decision to keep the cash rate on hold today won’t save the 1.6 million households at risk of mortgage stress. But Compare the Market Economic Director David Koch is telling borrowers to hold on as a new escape route from ‘mortgage prison’ could soon be unlocked. This comes as a growing number […]
The peak of high electricity bills could be near, with the Australian Energy Regulator (AER) proposing that the electricity market benchmark could decrease in many parts of Australia from 1 July. However, it’s not all good news, with some areas tipped to see their prices increase from 1 July. According to the AER, the majority […]
Aussies facing a rabbit-sized hole in their travel budget this Easter have been urged to hop online to find cheaper airfares with Compare the Market research revealing a difference of hundreds of dollars between the cheapest and most expensive days to fly. Using Skyscanner for a single one-way ticket with no checked baggage, Compare the […]
While 14.42 million Australians are bracing to pay higher premiums for their health insurance this year, new research from Compare the Market has revealed that nearly four out of five Aussies with private health cover would switch providers if it meant lower premiums. In fact, 78.9% of Australian adults surveyed said any amount of savings […]
Australians with private health insurance could save big by taking advantage of a little-known hack, before insurers raise premiums again from 1 April. Compare the Market’s Economic Director, David Koch, said the trick, which allows people to pay up to 12 months in advance upfront before they increase, couldn’t come at a better time as […]
While motorists in South East Queensland are being slapped with fuel prices as high as $2.31 a litre right now, recent research from Compare the Market has revealed that 59% of Queenslanders have already changed their driving habits due to the rising cost of petrol. The latest data from Compare the Market found that 40.5% […]
Millions of Australians with private health insurance will soon be paying even more for their policy, with the Federal Government today announcing another price hike. From April 1, private health insurance premiums will increase by an industry average of 3.03%. However, this is just an average, and the actual jump in premiums will vary between […]
The household budget has been crumbling under the pressure of high inflation in the last 18 months, with fuel costs proving a massive factor. According to the latest research from Compare the Market, the average driver pays $61.95 a week or over $3,200 a year on fuel*. The Government’s latest increase to the fuel excise, […]
As it turns out, inflation can’t kill love – According to new research from Compare the Market, the average adult Australian will spend $162 on their significant other this Valentine’s Day. But being in love will cost Millennials more than double what the average Aussie couple spends. Love-sick Millennials will shell out a whopping $334.35 for their partner’s Valentine’s Day gift. This is followed by […]
Compare the Market is warning that millions of Australians may not be aware of fraudulent activity on their bank account, with new research revealing that more than half of Aussies don’t keep a close eye on their finances. The new research reveals that 53.6% of Australians surveyed don’t look at their bank account daily – a concerning statistic according to […]
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